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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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Aussie pubs, jobs safe for now as UK company lays off hundreds of staff
Several Australian BrewDog pubs are unlikely to be impacted after dozens of bars were closed and hundreds of staff made redundant in the UK chain of the same name.The company has four breweries and about 100 pubs around the globe, including five here in Australia.They're located at Murarrie and Fortitude Valley in Brisbane, Pentridge in Melbourne, South Eveleigh in Sydney, and West Perth in Perth and employ dozens of staff.LIVE UPDATES: Trump s…
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Coverage Details
Total News Sources85
Leaning Left13Leaning Right7Center31Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 25%
C 61%
14%
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