Summary
Revolution Bars' parent company, Revel Collective, plans to enter administration, affecting up to 2,200 jobs. The company seeks a buyer while dealing with difficult economic conditions and rising costs.
Key Facts
- Revolution Bars is part of Revel Collective, which owns 62 pubs and bars in the UK.
- The company entered administration due to economic challenges and rising costs.
- Up to 2,200 jobs could be at risk as the company seeks a buyer.
- Revel Collective's shares have been suspended on London's AIM stock exchange.
- Discussions with potential buyers are ongoing, with a sale announcement expected soon.
- Revel Collective was impacted by increased national insurance for employers and higher minimum wage costs.
- 382 hospitality businesses in the UK closed in the last quarter of 2025.
- The hospitality sector faces pressure from higher taxes and operating costs.
