
The US buyer of Brewdog Tilray who paid £33m on March 2nd in what the FT described as a cut-price deal admitted it had only 24 hours notice that its bid had been successful. Clearly they knew by the price that things were bad but it appears they may have been even worse than thought.
The Telegraph (11th March) quote the Tilray CEO Dwight Simon to the effect that there was no money available to pay the remaining 733 workers. It appears Tilray have done so. There was also no money to pay suppliers which the Telegraph reports has now also been done. That might well be more complex than paying the workers, since there is the issue of the 38 shut bars.
On-line sales which were suspended before the sale remain suspended.
Lords cricket ground which had signed a four year deal in late 2024 with Brewdog to supply the ground with beer announced on 11th March that it had operated a break clause in the contract thanks to there being a new owner.
Another US bar, Atalanta, appears to have closed.
On the plus side (always look on the bright side etc) Tilray have completed the acquisition of Brewdog Australia, brewery and pubs. It is reportedly profitable and there were no job losses.
Any remaining Brewdog workers who are not yet members of Unite the Union would be well advised to join.


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