Two Iconic Scottish Bars to Close as Owner Enters Administration

Two notable Scottish bars, Revolution on Renfield Street in Glasgow and Revolucion de Cuba in Aberdeen, are set to close. This decision comes as The Revel Collective, the owner of these establishments, enters administration. The group has engaged FTI Consulting to manage this transition, which will affect 21 bars across the UK.

Details of the Closures

The closures will take effect immediately. This includes several locations and brands under The Revel Collective umbrella:

• Revolution Bars:
  • Cardiff – South Glamorgan, Wales
  • Durham – County Durham
  • Exeter – Devon
  • Glasgow, Renfield St – Scotland
  • Huddersfield – West Yorkshire
  • Ipswich – Suffolk
  • Leeds Electric Press – West Yorkshire
  • Leicester – Leicestershire
  • Manchester, Oxford Road – Greater Manchester
  • Manchester, Parsonage Gardens – Greater Manchester
  • Nottingham Cornerhouse – Nottinghamshire
  • Plymouth – Devon
  • Preston – Lancashire
  • Sheffield – South Yorkshire
• Revolucion de Cuba:
  • Aberdeen – Aberdeenshire, Scotland
  • Cardiff – South Glamorgan, Wales
  • Derby – Derbyshire
  • Harrogate – North Yorkshire
  • Liverpool – Merseyside
  • Reading – Berkshire
• Peach Pubs:
  • The Almanack, Kenilworth – Warwickshire

Future Developments

Despite the closures, there is hope for the future of 41 sites and 1,582 jobs. Neos Hospitality Group has acquired the Revolution and Revolucion de Cuba brands and their associated assets. This group also operates the Barbara’s Bier Haus and Bonnie Rogues brands.

In addition, a newly-formed entity, Coral Pub Company, is set to take over the remaining Peach Pubs. FTI Consulting confirmed these developments this week.

Financial Background

FTI Consulting’s involvement comes during a challenging financial period for The Revel Collective. The group’s revenues fell by 7.4%, totaling £26.3 million for the quarter ending in September. This downturn was largely due to a 10.5% decline in same-store sales within its bar segment.

The scene is now changing for these beloved Scottish bars, leaving patrons and employees alike facing uncertainty.