Nearly 500 British jobs are set to be lost at BrewDog after the BrewDog Tilray takeover by American firm Tilray Brands. The US cannabis and drinks group has bought the Scottish craft brewer's brand, intellectual property, brewing operations and 11 strategic bars for £33 million ($44.3 million).
The agreement preserves 733 positions but results in the immediate closure of 38 bars and the loss of 484 roles. The rescue deal comes after BrewDog entered administration amid mounting losses and failed attempts to find a buyer for the entire business.
