Revel Collective PLC - Manchester, England-based operator of 65 pubs and bars under the Revolucion de Cuba, Revolution and Peach Pub brands - Changes name from Revolution Bars Group to ‘reflect better the make-up of the group as it is today’. Chief Executive Officer Rob Pitcher says the new name ‘signals a fresh start’ for the company, which he says is now on a ‘firmer platform’. For company staff, it ‘provides a new dawn and stability from the uncertainty which our restructuring caused’, he says. Revolution Bars completed a court approved financial restructuring plan back in August, having swung into loss in 2023. The restructuring involved amending and extending secured lending facilities, exiting the leases of some loss-making bar sites, and implementing rent reductions at others.
Current stock price: 0.80 pence for £12.0 million market capitalisation
12-month change: down 76%
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