Revel Collective Seeks Buyer Amid Slumping Sales and Cost-of-Living Strain

Revel Collective is exploring a sale due to a significant decline in sales driven by cost of living pressures affecting its younger clientele, alongside unfavorable summer weather.

• The Revel Collective, which operates brands like Revolution and Cuba, reported a sharp decline in sales over the past three months, prompting its search for a buyer.
• The companys rebranding from Revolution Bars last year coincided with a downturn in sales, attributed largely to cost of living challenges faced by its younger customer base.
• Warm summer weather also contributed to the sales slump, impacting foot traffic in venues like Peach and Revolucion de Cuba, leading to concerns among shareholder expectations.