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Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal
The £33 million sale leads to 38 UK bar closures and 484 job losses while preserving 11 venues and 733 roles, aiming to stabilize BrewDog amid industry challenges.
- Tilray Brands completed the purchase of BrewDog in a £33 million rescue deal on Monday, acquiring the global brand, UK brewing operation and 11 pubs.
- Facing mounting losses, BrewDog began a structured sale process earlier this month, appointing AlixPartners after heavy losses and suspending production at its Ellon distillery last month.
- Administrators confirmed 38 BrewDog bars will close immediately, resulting in 484 job losses, while AlixPartners listed 29 English and nine Scottish outlets among those shutting.
- Chief executive James Taylor confirmed company-wide All Hands calls on Monday, with all bars closed and deliveries cancelled due to licensing issues arising from the anticipated change of ownership.
- Administrators warned `Equity for Punks` investors will receive no returns, while Irwin D Simon, chairman and chief executive of Tilray Brands, said the company will refocus and invest to return BrewDog to profitable growth.
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Leaning Left13Leaning Right5Center19Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 35%
C 51%
14%
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