The Revel Collective CFO to exit
Prior to The Revel Collective, Davies worked as chief financial officer at Foot Asylum for almost four years
The Revel Collective has announced that Danielle Davies, its chief financial officer, has tendered her resignation to take up another opportunity.
Davies will be leaving the business during the summer, focusing until then on the delivery of the group’s full year results and the effective transition of her responsibilities.
Prior to The Revel Collective, Davies worked as chief financial officer at Foot Asylum for almost four years.
She began her career as an auditor at EY before advancing to leadership roles at Pets at Home, Matalan, and Co-op.
The news of Davies’ departure comes after the group reported that sales for the 26-week period to 28 December 2024 were 22% lower at £64.2m than in the same period last year, due to “challenging” conditions in bar brands which made recovery “slower than expected”.
The fall in sales reflected a “significant” reduction of venues – from 88 to 62 – across the 12-month period, together with the delay to, and ongoing distraction of, The Revel Collective’s restructuring plan impacting on the bars for the first half of FY25.
In the second half of FY24, the group closed several sites as part of its restructuring plan, with eight shutting down at the start of January 2024 and the rest later in the period, ending the year with 77 venues.
A further 15 bars closed in the first half of FY25, being 14 Revolution bars and one Playhouse, as a result of the successful sanctioning of the restructuring plan.
However, The Revel Collective maintains that it now has a “well-balanced” portfolio with the main brands, with plans to expand Peach Pubs and Founders and Co “when the opportunity arises”.
The Revel Collective stated that a further announcement regarding Davies’ replacement will be made in due course.
Rob Pitcher, chief executive officer, said: “On behalf of the board, I would like to thank Dan for her extensive contributions to the company during her tenure and her valuable support during this period. We wish her well in her future endeavours.”