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The Independent UK
The Independent UK
National
Neil Pooran

Brewdog’s James Watt admits ‘many mistakes’ as hundreds of jobs lost in sale

  • BrewDog founder James Watt expressed profound sorrow for investors left empty-handed and employees who lost their jobs following the craft brewer's acquisition.
  • The takeover by US firm Tilray Brands, valued at £33 million, led to the closure of 38 bars and the loss of 484 positions.
  • Crucially, individuals who had invested in BrewDog through its popular 'equity for punks' crowdfunding initiatives received no returns.
  • Watt, who co-founded the company in 2007, admitted he would have done many things differently, including acknowledging that the company expanded too fast and diversified too broadly.
  • BrewDog's 18 franchise bars in the UK and internationally will continue to operate following the company purchase by Tilray.

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