Brewdog’s Ellon brewery, brands and intellectual property has been sold to US based cannabis and beverage company Tilray for £33m after going into administration. The sum appears significantly lower than previous valuations of the company.
What will happen next remains to be outlined in terms of Brewdog off sales contracts with supermarkets and with Wetherspoons. However Tilray have only taken on 11 pubs leaving 38 to close with a reported 484 job losses.
733 Brewdog workers will be TUPEd to Tilray Brands UK Ltd although under employment law there is nothing to stop further redundancies post transfer under ETO principles. I haven’t been able to establish yet if Tilray in the US is unionised.
Unite the Union which organises workers at Brewdog but has never been recognised has spoken out on what General Secretary Sharon Graham has called ‘catastrophic mismanagement’. Indeed but a key architect of that, James Watt, although he appears to have lost out on the sale, already pocketed a substantial sum from an earlier private equity deal.
Brewdog bar workers will now face looking for other jobs in a difficult hospitality market….
Not at all punk
Kmflett's Blog 
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