Bars chief calls time

THE chief executive of Revolution Bars has quit the firm, just a day after an attempted takeover of the group collapsed. Mark McQuater has resigned with immediate effect, after a majority of Revolution’s shareholders rejected a £101.5m buyout bid from Slug & Lettuce owner Stonegate on Tues- day. Chairman Keith Edelman will assume the role of executive chairman until a replacement for Mr McQuater has been found.

The botched takeover attempt leaves the door open for Deltic, Britain’s biggest nightclub operator, which is now expected to reignite its interest in a merger with Revolution.