The owner of the Revolution, Revolucion de Cuba and Peach Pub bars has said it will close some of its 90 venues on Mondays and Tuesdays in the next few weeks to reduce energy use.
The company said train strikes and the cost of living crisis meant walk-in revenue in the pre-Christmas period was lower than in previous years. It said it had taken action to address lower expected earnings for the year and “Mitigating actions include closing a number of the Revolution and Revolucion de Cuba sites on Mondays and Tuesdays in January and early February to manage our energy usage”.
Chief executive Rob Pitcher, said: …”Given the current economic environment, the coming months are going to be challenging and uncertain, not only for us, but for many businesses. We are not immune to this.
The Board have reviewed their expectations for the full year, taken a number of actions to mitigate the external factors where possible, and will continue to track these closely. The decision to close some bars on a Monday and Tuesday in the early weeks of the year allows us to minimise energy usage in our quietest period whilst also allowing our teams to recover after the busy Christmas period.”