COMPETITIVE · UK
Tilray buys Brewdog UK assets
Change
After Brewdog entered administration, Tilray bought its UK brewing operations, brand and 11 pubs in a £33m deal, with administrators stating 38 bars closed and 484 jobs were lost (administrators appointed Monday).
Why Now
Brewdog went into administration and AlixPartners were appointed as administrators on Monday. Tilray acquired Brewdog’s UK brewing operations, the brand, and 11 pubs for £33m. Administrators said the sale preserved 733 jobs. They said 38 bars were not included in the deal and would close with immediate effect, leading to 484 redundancies. Administrators also said no equity holders, including Equity for Punks investors, would get any return from the deal.
Impact
- • 38 bars closed with immediate effect after exclusion from the sale.
- • 484 jobs were lost; administrators said 733 jobs were preserved.
- • Equity holders, including Equity for Punks investors, receive no return.
- • Tilray now owns Brewdog’s UK brewing operations, brand, and 11 pubs.
Who Recalculates
- • Bar and pub employees
- • Brewery operations staff
- • Equity holders (Equity for Punks investors)
- • Pub operators in the acquired estate
Source
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