Revolution Bars to Close 21 Venues, Hundreds of Jobs Threatened
The Revolution Bars Group is set to close 21 venues across the United Kingdom, resulting in the loss of 591 jobs. This announcement follows the appointment of FTI Consulting as administrators for the chain. In a related move, The Revel Collective successfully secured a sale to salvage other aspects of the business.
Venues Affected by Closures
The immediate closures include:
- 14 Revolution bars
- 6 Revolucion de Cuba bars
- 1 Peach Pub
Future of Remaining Venues
FTI Consulting confirmed that 41 sites will continue their operations, safeguarding 1,582 jobs. Neos Hospitality Group has purchased the Revolution and Revolucion de Cuba brands, along with their assets. This group also operates the Barbara’s Bier Haus and Bonnie Rogues brands.
Impact on Peach Pubs
The remaining Peach Pubs were acquired by a newly established entity, the Coral Pub Company. Previously, the Revolution Bars Group underwent significant restructuring in 2024. This effort included closing 15 unprofitable bars to enhance financial performance.
Background of the Crisis
Despite these efforts, the company’s turnaround plans faltered. In the autumn of 2024, a strategic review was initiated to explore funding options and to consider the sale of all or parts of the business. At that time, the firm operated about 62 venues and employed over 3,000 workers.
In October 2025, the company was put up for sale amid a severe cash crisis and declining sales. This downturn was attributed to reduced spending by younger customers and unusually warm weather during the summer months.
Outlook for Shareholders
Company leaders warned shareholders that their investments were at serious risk. They indicated that the potential deals could result in a total loss for investors, further complicating the financial landscape for the company.
The future remains uncertain as Revolution Bars navigates this challenging transition. For further updates on this developing story, visit Filmogaz.com.
