Britain's Revolution Bars has said that it is planning to reduce its outlets under a company voluntary arrangement (CVA) plan.
The operator of 74 premium bars across the UK said that it has been working with advisers to assess various strategic options for the firm as it has been hit by a challenging environment.
"The long-term nature and potential impact of the latest operating restrictions [in the UK] means that it must consider all necessary options to ensure that its business remains viable," Revolution Bars said.
10 pm Closing Requirement
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
All pubs, bars, restaurants and other hospitality sites in the UK are currently required to close at 10 pm and provide table service only to help slow the spread of COVID-19.
News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.