Revolution Bars has announced the company may go bust following the Government's new Covid-19 restrictions hitting the sector and is assessing options for a rescue plan.
The chain, which has reopened 39 of its 74 bars, said no decision has been made but one option being considered is an insolvency tool called a company voluntary arrangement (CVA) to reduce debts.
The business furloughed 2,775 during lockdown. From last night, new rules came in forcing bars and restaurants to stop serving customers after 10pm.
Table service also became compulsorary. These come on top of existing measures on social distancing and limits to the numbers of people who could gather in groups.
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