Revolution Bars could soon disappear after company value drops by 99 per cent
manchestereveningnews.co.ukThe national bar and nightclub chain Revolution could soon disappear from some high streets and city centres after it emerged that the group would sell off some of its assets in an attempt to save the floundering business.
Earlier today (March 26), Revolution Bars confirmed that it was "actively exploring all the strategic options available" to shore up the company's finances after it emerged that they were looking to close 20 of its worst-performing bars.
The bar chain employs more than 2,500 people across roughly 90 locations, including four in Greater Manchester, though the company is yet to confirm which of its branches it is looking to axe.
The proposed sell-off follows a gloomy start to the year for the business, when it announced the closure of eight other locations amid the difficult trading conditions that many hospitality businesses found themselves in post-pandemic.
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