The organization managing Revolution bars has announced a deadline for bids next week as it seeks a buyer. The Revel Collective, operating 62 venues under various brands, including Revolution and Revolucion de Cuba, initiated a sale process in October 2025 due to declining sales.
According to reports from Sky News, interested bidders must submit offers by January 9, with FTI Consulting overseeing the formal sale proceedings. Neos Hospitality has shown interest in acquiring some of The Revel Collective sites, with uncertainty on whether it will place a bid.
The Mirror reached out to The Revel Collective, formerly known as Revolution Bars, for a statement. The company had previously started a sales process in April 2024 but halted it after rejecting an offer from Nightcap. In 2024, the business closed approximately 36 sites as part of a court-approved restructuring plan.
In a recent update, company executives cited challenging economic conditions and government interventions for hindering their progress since the restructuring. Revenues dipped by 7.4% to £26.3 million in the three months leading to September, primarily driven by a 10.5% decrease in bar business sales.
Cost-of-living pressures on its younger clientele have impacted sales, leading to a rise in debts from £22.1 million to £25.3 million by the end of June. Luke Johnson, the former Pizza Express chief, assumed the role of chairman at The Revel Collective in September, emphasizing a focus on strategic acquisitions to enhance market leadership.
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