Revolution Bars Group changes name

11-Oct-2024 - Last updated on 11-Oct-2024 at 08:34 GMT

Group name change: the group's brands will retain their names. Pictured is Revolucion de cuba in Manchester

Revolution Bars Group, which operates more than 60 sites mainly under the Revolucion de Cuba, Revolution and Peach Pub brands, is changing its name to The Revel Collective.

The company said a change of name would “reflect better the make-up of the group as it is today”.

Alongside the change of name, the Group’s website containing the information required by AIM Rule 26 will be updated to www.therevelcollective.com, and a further announcement will be made in due course once complete.

Trading in the group’s shares under the new company name became effective at 8am on Friday 11 October and under the new TIDM, which is the business’s trading and information name on the London Stock Exchange, will change to TRC and become effective on Monday 14 October.

Fresh start

The Revel Collective CEO Rob Pitcher said: “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.

“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.

Shareholders unaffected

“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.”

Shareholders are unaffected by the change of name and existing share certificates should be retained and remain valid. Any new share certificates issued will bear the name The Revel Collective.

The group’s plan to restructure was approved by shareholders in August following a period when late-night operator Nightcap showed interest in potentially acquiring part or all of the business.

However, a sales process of Revs ended after no offers were accepted and warned shareholders administration was a possibility if its plan to restructure was not approved.