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Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal
The acquisition includes UK brewing and 11 pubs but leads to 38 bar closures and 484 job losses amid efforts to stabilize BrewDog’s business under Tilray.
- On Monday, Tilray Brands completed a £33 million acquisition of BrewDog’s global brand, U.K. brewing operation and 11 UK and Ireland pub venues.
- After appointing AlixPartners in February, BrewDog pursued a sale due to failing to make a profit in recent years.
- On Monday, March 2, all BrewDog bars remained closed for company-wide All Hands calls, with food and beer deliveries and customer bookings cancelled.
- Administrators confirmed that 38 BrewDog sites will close, producing 484 redundancies, and said equity holders, including Equity for Punks investors, will receive no returns.
- Tilray will take control of the Ellon brewery, Aberdeenshire, and The Hop Hub, Motherwell, Lanarkshire, preserving 733 UK roles and growing its beverage platform to about $500 million annually.
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Total News Sources67
Leaning Left13Leaning Right5Center22Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 33%
C 55%
12%
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