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Revolution Bars Group rebrands as The Revel Collective

  • James McAllister
  • 11 October 2024
  • 1 minute read
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This article was written by Restaurant Online Magazine. Click here to read the original article

image

The group behind the Revolution, Revolución de Cuba, Peach Pubs and Founders & Co brands says its board decided a change of name would ‘better reflect the make-up of the group’.

It comes after Revolution Bars Group implemented a restructuring plan​​ earlier this year that allowed the group to amend and extend lending facilities, exit certain loss-making sites, and implement rent reductions at others to return them to profitability.

Under the plan, it also raised £12.5m in new funding, with sector investor Luke Johnson joining the board as non-executive chairman​​.

“The change of name to The Revel Collective signals a fresh start and better reflects the businesses and brands within the Group today, which includes Peach Pubs and Founders & Co,” says Pitcher.

“Change is good, and always provides opportunity, especially now from the firmer platform from which the group is operating.

“Importantly, for our people it provides a new dawn and stability from the uncertainty which our restructuring caused.

“I am excited to be putting the new plans into action and to be beginning a new era in our journey where we can focus on our team and our guests, growing the business and delivering positive value for all stakeholders.”

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Trading in the group’s shares under the new company name became effective at 8am today (11 October).

Please click here to access the full original article.

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