Revolution nightclub and bar in Reading has shut down for good due to young customers “feeling the effects of the cost of living crisis”.

The closure of the popular Station Road venue was confirmed by Revolution Bars Group plc in an update on its financial performance.

The late-night bar/nightclub and restaurant is one of eight sites to close nationally, including bars in Derby, Beaconsfield, St Peters Liverpool and Wilmslow, as well as Revolución de Cubas in Sheffield and Southampton and the Playhouse in Newcastle-Under-Lyme.

The bar chain, known for its comfort food and happy hours, said the sites were closing to “reduce future site losses”.

Staff at the closed venues will be offered jobs in Revolution’s other 58 bars and 22 pubs, the company said.

Rob Pitcher, CEO of Revolution Bars Group, said that despite a “strong festive trading period”, customers were continuing to feel the pinch amid the cost of living crisis.

He said: “We have had the best festive trading period for four years with all of our brands recording positive like for like sales and Revolución de Cuba being the standout performer.

“However, our younger customers are still feeling the disproportionate effect of the cost-of-living crisis and the national living wage will increase materially in April 2024.

“Therefore, we have taken the difficult yet ultimately beneficial step for the Group to close several bars which are unprofitable.”