The company that owns 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, made this move in October 2025 due to a decline in sales. Interested parties are required to submit offers by January 9, with FTI Consulting overseeing the sale process.
Neos Hospitality has shown interest in acquiring some of The Revel Collective’s sites, as reported by Sky News. However, it remains uncertain if they will submit a bid. The Revel Collective, formerly known as Revolution Bars, declined a buyout offer from Nightcap in April 2024 and subsequently closed approximately 36 sites as part of a restructuring plan approved by the High Court.
In light of challenging economic conditions and recent government interventions impacting the business, The Revel Collective’s revenue fell by 7.4% to £26.3 million in the three months ending September. The company cited cost-of-living pressures affecting its younger clientele and an increase in debts to £25.3 million.
Luke Johnson, the ex-Pizza Express executive, assumed the role of chairman at The Revel Collective in September last year. In a previous interview, Johnson expressed an interest in acquiring companies with unique characteristics to establish market leadership.
If you’re interested in receiving money news and top deals on your phone, join our Money WhatsApp group. You can also subscribe to Mirror’s Money newsletter for expert advice and exclusive offers delivered straight to your inbox.