Clubs and bars struggling to keep afloat as hard-up young people forgo midweek nights, says Rekom CEO
Hard-up students cutting back on midweek nights out have left town centres empty and bars and clubs struggling to stay afloat, the boss of the UK’s biggest nightclub chain has said.
Peter Marks, the chief executive of Rekom, which owns the Pryzm and Atik chains, said high rents and all round increases in the cost of living mean many young people are either coming out later in the evening or not at all. He blamed the financial squeeze on students for the company’s decision to shut nearly half of its 35 venues and let go of 500 staff in cities and towns including Birmingham, Leeds, Nottingham, Windsor and Wrexham last month.
Unit 7 Basildon
Pryzm Birmingham
Jumpin’ Jaks (JJ’s) Coventry
Atik Dartford
Unit 1 Exeter
Bar & Beyond Kings Lynn
Pryzm Leeds
Pryzm Nottingham
Liquid & Envy Oldham
Pryzm Plymouth
Pryzm Portsmouth
Atik Romford
Level 17 Swansea
Pryzm Watford
Steinbeck & Shaw Watford
Atik Windsor
Atik Wrexham
