Macmerry300 has appointed administrators and ceased trading, with all 63 staff made redundant.
The company, which was incorporated in April 2014, operated 11 bars located in Dundee and Glasgow.
Due to the detrimental impact of Covid-19 restrictions on trading performance, along with cost pressures and recent reports alleging mistreatment of staff, it incurred losses, which resulted in substantial liabilities being accrued.