Brewdog's Fall: From Craft Beer Giant to Bankruptcy

0:00It's March 6th, here's your entertainment news in two minutes. Brudog, the once-hot craft beer company, has hit rot bottom after being sold to U.S. firm Tilray for just 33 million pounds, a tiny. Fraction of its 2 billion pound peak value from a few years back. The deal came with the immediate closure of 38 pubs across the UK and the loss of nearly 500 jobs, though 700. 33 staff were kept on. Co-founder James Watt, who stepped down a CEO this year, shared his heartbreak on social media. He apologized for mistakes like, expanding too fast and mishandling publicity woes, saying he's gutted for the workers in the 220. Thousand equity punks who poured in 75 million pounds but now hold worthless shares. Meanwhile, Watt's wife, 31-year-old Georgia Tafalo, was spotted looking somber during a night out in Mayfair. The former reality TV star, who married the 43-year-old businessman in a quiet Scottish

1:00ceremony last year, left a private club with friends, before hopping in a taxi. Investors vented mixed feelings online, with many frustrated over getting nothing while earlier deals favored big backers. Some praised Brudog's role in sparking the UK craft beer boom, even if their money's gone. One investor called it a tribute, gone wrong, after his late partner's death. The saga continues as administrators say, no better offers came in, and unions slammed the job cuts as a disgrace. Watt hinted the equity puntel might not be over, but for now, staff claimed wages from the government and the brand focuses on stabilizing under new ownership. The Daily News Now is powered by our sponsor, link in the description. Podcasts hit different when the sound comes from your pillow. Once you try it, it just makes sense.