COMPETITIVE · UK
Brewdog administration triggers bar closures and redundancies after Tilray rescue deal
Change
After parts of Brewdog were bought by Tilray for £33m on Monday, Brewdog announced the closure of dozens of bars not included in the deal and made 484 staff redundant.
Why Now
Brewdog went into administration and, on Monday, parts of the brewer and pub chain were bought by beverage and cannabis firm Tilray for £33m. Brewdog then announced the closure of dozens of bars that were not included in the rescue deal. The company made 484 staff redundant. Unite said staff were given 25 minutes’ notice of a 15-minute conference call where cameras were off and there was no chance to ask questions. Unite also said staff were told they would receive forms to apply for pay through the Insolvency Service.
Impact
- • Dozens of Brewdog bars not included in the Tilray deal are closing.
- • 484 Brewdog staff have been made redundant.
- • Affected staff were directed to claim pay via the Insolvency Service.
Who Recalculates
- • Brewdog bar and hospitality employees
- • Brewdog bar operations and management
- • Trade unions representing hospitality workers
Source
Topics
Business & Markets Retail & E-commerce Management Manufacturing