The Revel Collective, which trades from 62 venues under the Revolution, Revolucion de Cuba and Peach Pubs brands, put itself on the market in October 2025
The company behind Revolution bars has set a deadline for bids next week after it put itself up for sale.
The Revel Collective, which trades from 62 venues under the Revolution, Revolucion de Cuba and Peach Pubs brands, put itself on the market in October 2025 after it revealed tumbling sales.
But now, Sky News has reported that potential bidders must put an offer in by January 9, with FTI Consulting said to be said to be advising on the formal sale process.
Sky News reports that Neos Hospitality had expressed interest in buying some The Revel Collective sites, although it is not clear if it will enter a bid.
The Mirror has contacted the Revel Collective, which rebranded from Revolution Bars in 2024, for comment.
The company previously launched a formal sales process in April 2024, but it dropped this after rejecting a proposed offer from rival Nightcap.
The business closed around 36 sites in 2024 as part of a major restructuring plan that was approved by the High Court.
In an update in October 2025, bosses at the firm said persistent “challenging economic conditions” and “Government interventions in the last budget” have helped “thwart” its ability to improve since the restructuring.
“Action taken to reduce costs and increase margins has not been sufficient to mitigate the negative impact of the autumn budget changes to the employer NICs threshold, minimum wage and duty on spirits,” the company added.
Revenues dropped by 7.4% to £26.3 million over the three months to September, driven by a 10.5% like-for-like decline in its bars business.
The company said sales have been hit by cost-of-living pressures on its younger customer base. Its debts also grew, rising to £25.3 million from £22.1 million at the end of June.
Former Pizza Express boss Luke Johnson became chairman of The Revel Collective last September following the retirement of Keith Edelman.
He previously told Business Sale that he was “always looking at new possibilities and actively pursue deals to buy established companies and niche businesses that have distinguishing characteristics that in the ideal world would be a market leader”.
