Revolution Bars to continue shutting venues on Mondays and Tuesdays as it struggles with energy costs
Revolution Bars will continue shutting some venues on Mondays and Tuesdays into next month to save on energy costs after train strikes dashed its hopes for a lucrative Christmas.
The owner of the Revolution and Revolucion de Cuba chains said strikes dampened sales over the festive period, despite punters’ excitement for the first Christmas without Covid measures in three years.
Although the business saw high demand with Christmas party bookings, sales came in at 9 per cent below pre-pandemic levels.
Covid hangover: Revolution Bars saw high demand with Christmas party bookings but sales came in at 9% below pre-pandemic levels.
Strikes hit workers hoping to attend office Christmas parties or social gatherings and how long they stayed out on nights out, Revolution boss Rob Pitcher said.
After a disappointing Christmas, Revolution said a number of Revolution and Revolucion de Cuba sites will be shut on Mondays and Tuesdays in January and early February to slash energy bills.
Bosses admitted annual earnings would be lower than expected – forecast to sit at the lower end of between £6.7million to £10.5million. Shares in Revolution plunged 27 per cent.