Hundreds of jobs lost as Revolution bars owner enters administration

Nearly 600 jobs have been lost after the owner of Revolution bars went into administration.

The Revel Collective, which revealed on Monday that it had filed notice of an intention to appoint administrators, said it had since formally appointed FTI Consulting.

Venues closing with immediate effect include 14 Revolution bars, six Revolucion de Cuba bars and one Peach Pub - with the loss of 591 jobs.

However, FTI confirmed a pair of deals which will secure the future of 41 sites and 1,582 jobs.

Money latest: BBC to use iPlayer to catch licence fee evaders

The locations of the Revolution sites closing are: Manchester (Oxford Road), Huddersfield, Leicester, Glasgow (Renfield Street), Cardiff, Nottingham, Leeds, Sheffield, Ipswich, Manchester (Parsonage Gardens), Plymouth, Durham, Exeter and Preston.

The Revolucion de Cuba sites affected are: Cardiff, Derby, Liverpool, Reading, Harrogate and Aberdeen while the Peach premises to be shut was The Almanack at Kenilworth in Warwickshire.

The announcement was made shortly before the chancellor was expected to reveal a partial U-turn on business rates changes facing pubs.

The industry said they were expected to add almost £13,000 in costs over three years to the average pub in advance of the climbdown.

It has battled rising costs for many years, with new minimum pay levels and heightened national insurance contributions adding to the burden last spring.

Revel undertook a major restructuring in 2024, shutting 15 unprofitable bars in a bid to turn around its performance.

But the revamp fell flat and a strategic review resulted in the group being placed up for sale.

Revel had partly blamed weak trading, with younger customers having little disposable income. Higher costs also weighed on its bottom line and growing debt pile.

(c) Sky News 2026: Hundreds of jobs lost as Revolution bars owner enters administration