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Liverpool's Revolucion de Cuba closed with immediate effect
Revel Collective's administration leads to 591 job losses while administrators secure deals to protect 41 venues and 1,582 jobs across the UK.
- On Monday, January 26 the Revel Collective appointed administrators and closed 21 venues, causing 591 redundancies, while the Revolucion de Cuba Liverpool Royal Albert Dock site shut immediately.
- After months of weak sales and rising costs, The Revel Collective began a sale process in October following a cash crisis, with the board acting to protect creditors.
- FTI Consulting said a pair of deals will protect many venues and roles, securing the future of 41 sites and 1,582 jobs, while Neos Hospitality Group bought the Revolution and Revolucion de Cuba brands and assets.
- The group said it will continue to trade while advisers pursue sales, with administrators shutting 14 Revolution Bars venues, six Revolucion de Cuba sites and one pub, but Liverpool's last Revolution company venue and Coney Street Revolution bar will remain open.
- Negotiations over a prospective sale are said to be 'well advanced', with the company previously trading from around 62 sites and employing just over 3,000 workers.
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Pub closures breakdown: Full list of Revolution bars shutting down across the UK
The owner of popular bar chains Revolution, Revolucion de Cuba, and Peach Pubs has closed 21 locations with immediate effect, but is your local among the pubs that have shut down?Earlier today, The Revel Collective confirmed it has entered into administration, resulting in the closure of 14 Revolution bars, six Revolucion de Cuba venues and one Peach Pub.With this latest development, 591 jobs have been lost with administrators blaming business c…
·London, United Kingdom
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
12%
Factuality
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