The Revel Collective, the London-listed company behind the Revolution bars chain, has formally set a deadline for bids as it races to conclude a deal after cautioning investors that they could lose their entire stake under any agreement.

According to Sky News, the group, which also owns 22 Peach Pubs and bars trading under the Revolucion de Cuba name, has told interested parties to submit offers by 9 January.

With the business trading from 62 locations, the company is seeking to finalise asset sales, having highlighted the prospect of collapse if transactions are not completed.

A spokesperson for The Revel Collective declined to comment.

In a stock exchange announcement earlier this month, The Revel Collective warned that investors were unlikely to see any return from the transactions under consideration, and it also announced the suspension of trading in its shares.

The company said: “The option of an equity fundraising has been considered, but the board has concluded it does not have the necessary support for such a transaction.”

The report added that Neos Hospitality, one of Britain’s leading operators of late-night drinking venues, is among the parties to have expressed interest in buying some of The Revel Collective’s sites.

Neos is said to be interested in a portfolio of the group’s late-night venues, although the extent and seriousness of its interest was unclear.

Industry insiders told the publication that the two parties were in talks to acquire the Peach Pubs business, which The Revel Collective bought in 2022. The group rebranded from Revolution Bars last year.

In October 2025, the company disclosed tumbling sales over the past three months as it put itself on the market for a potential sale.