Revel owner shuts 21 sites amid collapse, 591 jobs affected

The Revel Collective, once known as Revolution Bars, has officially entered administration, resulting in the immediate closure of 21 sites, with 591 jobs lost. 

Joint administrators Lindsay Hallam, Matthew Callaghan and Oliver Wright of FTI Consulting were appointed today (28 January), following an update early this week from the hospitality group warning of its intention to seek administrators. 

Immediately following the appointment, administrators completed two transactions: the business and assets of 41 Revolution, Revolucion de Cuba and Founders and Co venues were sold to Neos Hospitality and Peach-branded pubs were sold to Coral Pub Company, a firm founded by Ted Kennedy. 

These transactions protected the majority of Revel Collective’s workforce, saving 1,582 jobs, and ensured the continued operation of 20 bars and 21 pubs across two divisions.  

However, 14 Revolution sites, six Revolucion de Cuba venues and one Peach pub were excluded from the sale. These 21 sites will close immediately, affecting 591 employees.

The formal sale process for the group has now terminated. Consequently, the company is no longer in an offer period as defined by the Takeover Code.

Cavendish Capital Markets also resigned as nominated advisor and broker with immediate effect. Under AIM rules, the company has one month to appoint a replacement or face a cancellation of its securities.

The company stated it has no current intention to appoint a new advisor, and confirmed that its trading in the ordinary shares remains suspended. This is expected to be cancelled on 27 February 2026.