Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal

 

Hundreds of people have been made redundant and dozens of bars have closed after craft beer firm Brewdog went into administration.

US beverage and medical cannabis company Tilray has bought the company's UK brewing operations, brand and 11 pubs in a £33m deal.

Administrators said the sale had preserved 733 jobs - but that 484 jobs had been lost and 38 bars had closed after they were not included in the rescue deal.

Tilray, which already owns several US craft beer brands, described the deal as a significant opportunity for growth in the UK and international markets.

The two firms are still negotiating for a deal on Brewdog's assets in the United States and Australia.

A very sad day. We always have a selection of Brewdog beers in our fridge. I really feel for those folks whose jobs are lost or at risk. Also for all those peeps who invested in the company.

www.bbc.co.uk

10 great chain lubes to avoid unsightly rust and extend the life of your bike's vital components

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www.motorcyclenews.com