Revel Collective in talks with ‘significant number of potential acquirers’

The Revel Collective has said it is engaging with a “a significant number of potential acquirers” of the businesses.

A number of parties are “actively engaged in diligence and discussions” with the Revel Collective over its business and assets or the shares in certain brands.

It said the transactions currently being contemplated would not be expected to deliver any return to shareholders.

The board has ruled out equity fundraising.

Back in October, the group, which owns Revolution Bars, Revolución de Cuba and Peach Pubs, set out to review all possible options for the business, including a sale, following a “continued period of external challenges which have impacted business and trading performance”.

In a statement this morning, the Revel Collective said: “Negotiations are ongoing, with the continuing support of the group’s bank, however, there can be no certainty on the timing of any transactions.  

“Furthermore, there can be no guarantee that these negotiations will result in any transactions.”

The group also informed investors that its 2025 annual report will not be completed in time and trading in the company’s shares on AIM is expected to be suspended, as a result, from 7.30am on 29 December 2025 until the report is published.