Tilray acquires Brewdog's UK business
Change
US beverage and cannabis firm Tilray bought Brewdog's UK brewing operations, brand and 11 pubs for £33m, transferring 733 staff to the buyer while 38 pubs were excluded from the sale and 484 employees lost their jobs.
Why it matters
Administrators have confirmed Equity for Punks shareholders will receive no return from the transaction, blocking retail investors from recovering capital through the sale. The partial sale shifts unresolved claims and creditor recovery into the insolvency process rather than buyer-led settlements.
Implications
- • Redundant Brewdog pub and brewery employees must file claims with the Insolvency Service to seek unpaid wages, overtime and accrued holiday; failing to file will forfeit access to statutory insolvency recoveries.
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Source
Topics
Mergers & Acquisitions Supply Chain & Logistics Food & Beverages