Norwich Bar Stays Open Amid Chain’s 21 Site Closures
The Revel Collective has announced a series of closures affecting its venues across the UK. This significant downturn has resulted in the closure of 21 sites, leading to the loss of 591 jobs. However, the Revolucion de Cuba bar located in Queen Street, Norwich, will remain in operation. This decision comes as the company takes steps to protect its creditors by appointing administrators.
Impact on the Revel Collective
The administrators revealed that the closures include 14 Revolution Bars, six additional Revolucion de Cuba locations, and one site within its Peach Pubs division. These venues were not part of a sale that preserved 41 locations and safeguarded 1,582 jobs. Among the closures, the Revolution Bar in Ipswich is noteworthy.
Reasons Behind the Closures
The Revel Collective sought to place itself for sale in October as financial challenges intensified. Reports indicate that revenue fell below expectations due to reduced spending from younger consumers, which was influenced by the unseasonably warm summer weather. This combination of factors ultimately prompted the chain’s recent moves.
Current Status of Norwich Bar
- Location: Revolucion de Cuba, Queen Street, Norwich
- Current operations: Remains open
- Total venues affected: 21 closures
- Jobs lost: 591
- Active venues post-sale: 41 remaining sites
- Jobs preserved in active venues: 1,582
The Revel Collective’s recent actions highlight the challenges faced by hospitality businesses in a fluctuating economy. As they navigate these issues, the focus remains on which venues will thrive and which may face potential closure in the future.
