Staffordshire bar set to remain open as pub chain strikes deal with landlords



A Staffordshire bar is set to remain open after the company behind it struck a deal with its landlords and creditors.

Chain Revolution has agreed to close six sites across England while seven will have turnover-based rents with a minimum monthly amount.

It comes as the brand filed a compulsory voluntary arrangement (CVA) that will see 130 jobs axed but hundreds saved across the country.

Six bars, in America Square and Clapham High Street, London, alongside sites in Birmingham, Sunderland, Bath and Solihull are going to close under the new deal.

While the Riverside branch in Stafford, along with those in Clapham Junction, Putney, Richmond, Bristol, Reading, and Cheltenham will have turnover-based rents for two years.

Chief executive Rob Pitcher had earlier said: “The CVA proposed by the group’s Revolution Bars Limited subsidiary entity, if agreed by landlords, is another proactive step to lower outgoings to help safeguard the future of the group and improve long-term performance.”

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Revolution says it expects the Christmas period – usually a hit with the hospitality industry – to be ‘severely compromised’ and believed a return to ‘near normal levels’ cannot be expected before spring.

Mr Pitcher added: “Throughout this extended period of distress caused by Covid-19, the group has sought to prioritise the health and wellbeing of its staff and customers, minimise its cash consumption, maintain good levels of liquidity to ensure its ongoing viability, and to be in a position to take advantage of opportunities that may arise once restrictions are lifted.”





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