Published by Global Banking & Finance Review®
Posted on January 27, 2026
2 min readLast updated: January 27, 2026
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Revel Collective appoints administrators and sells 41 UK venues, securing 1,582 jobs. The sales involve Neos Hospitality and Coral Pub Company.
Jan 27 (Reuters) - British pub operator Revel Collective said on Tuesday it has entered administration, with 41 venues and 1,582 jobs transferred to new owners, while 21 sites will close with the immediate loss of 591 jobs.
Revel Collective's collapse adds to mounting pressure on Britain's pub sector, which has been lobbying the government for relief after Finance Minister Rachel Reeves' November budget outlined business rates changes that will bring about 5,000 smaller pubs into the tax net for the first time.
The company said it sold 20 venues across its Revolution, Revolucion de Cuba and Founders & Co brands to rival Neos Hospitality, and 21 Peach pubs to Coral Pub Company.
"Regrettably 14 Revolution, six Revolucion de Cuba and one Peach site did not form part of the transaction and those sites are being closed with immediate effect impacting 591 employees," it said in a statement.
Revolution bars, colloquially known as "Revs", have been around since 1996, while the Latin-inspired Revolución de Cuba brand was created in 2011.
The company, previously known as Revolution Bars Group, has been struggling with persistent inflationary pressures and shifting consumer spending habits, which have left it unable to sustain parts of its businesses or attract buyers for its entire portfolio despite efforts to sell the company as a whole.
(Reporting by Nithyashree R B and Yadarisa Shabong in Bengaluru; Editing by Tasim Zahid)
Administration is a legal process where an insolvent company appoints an administrator to manage its affairs, aiming to rescue the business or maximize returns for creditors.
A venue sale refers to the transaction of selling a physical location or establishment, such as a bar or restaurant, to another entity or buyer.
Corporate strategy is a plan that outlines how a company will achieve its goals and objectives, including decisions on resource allocation and business direction.
A buyer in business is an individual or entity that purchases goods or services from a seller, often with the intent of resale or use in operations.
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