Craft brewer and pub chain BrewDog recently closed some of its pubs in a push to cut operating costs. Given it is partly owned by private equity firm TSG Consumer Partners, the loss-making firm is likely to face further organisational upheaval. After all, private equity firms generally specialise in cutting costs and selling assets.
This downsizing is indicative of the widespread demise of the on-trade beer market (that is, venues that sell beer for consumption on site). The sector is seeing six pubs close down in the UK each week.
