The company operating Revolution bars has announced a deadline for bids next week as it seeks buyers. The Revel Collective, which runs 62 venues under various brands, including Revolution and Revolucion de Cuba, put itself up for sale in October 2025 due to declining sales.
According to a report by Sky News, potential bidders are required to submit offers by January 9, with FTI Consulting assisting in the sale process. Neos Hospitality has shown interest in acquiring some of The Revel Collective sites, but it is uncertain if they will submit a bid.
The Mirror has reached out to The Revel Collective, formerly known as Revolution Bars, for a statement. The company had initiated a sales process in April 2024 but halted it after rejecting an offer from Nightcap. It closed around 36 sites in 2024 as part of a restructuring plan approved by the High Court.
In an update in October 2025, company executives highlighted challenges from economic conditions and recent government interventions affecting their ability to recover post-restructuring. Revenues dropped by 7.4% to £26.3 million in the three months ending September, primarily due to a 10.5% decline in bar business.
Former Pizza Express chief Luke Johnson took over as chairman of The Revel Collective in September, aiming to explore new opportunities and pursue acquisitions of established companies with unique characteristics. The company mentioned that sales were impacted by cost-of-living pressures on its younger clientele, leading to a rise in debts to £25.3 million.
To receive the latest money news and deals, readers can join the Money WhatsApp group or subscribe to Mirror’s Money newsletter. The company is actively seeking buyers following its decision to put itself up for sale.