Brewdog's Fall: UK Brewery Sold, Jobs Lost

0:00On March 2nd, craft beer giant brew dog has entered administration, leading to hundreds of redundancies and dozens of bar closures. US company Tillray snapped up its UK brewing operations, brand, and 11 pubs and a 33 million pound deal. This move preserved 733 jobs, but came at the cost of 484 positions lost, and 38 bars shutting down. Administrators handled the sale after the Aberdeen Shire firm struggled with losses in recent years. Tillray, which already owns several American craft brands, sees this as a prime chance to expand in the UK and beyond. Meanwhile, talks continue for brew dog's assets in the United States and Australia. Small investors from brew dog's equity for punk scheme, which raised 75 million pounds over the years, now fear their stakes could be. Worthless. Unlike bigger shareholders with preference shares, these everyday backers might get little in a full sale. That faced tough times too, with all bars closed Monday for meetings amid the uncertainty.

1:03The company has faced cutbacks before, halting gin and vodka production last month, and closing 10 UK bars earlier this year, including its Aberdeen. Flagship. Joe productions hit after a 37 million pound loss, and it dropped plans for real living wage hires, sparking backlash. As negotiations wrap up overseas and the German operations liquidate, brew dog's rebellious routes giveaway to a leaner future under new ownership. Re-shaping the craft beer scene. Re-shaping the craft beer scene Its roots give way to a leaner future under new ownership res� podr the craft beer scene. ROOTS REGULNAYS ROOTS ROOTS RE�� to a leaner future under new ownership, res Shaping trainees The craft beer scene. Re-shaping the craft beer scene