BrewDog to shut 38 bars with 484 job losses despite US takeover deal

BrewDog has said it will shut 38 bars with the loss of 484 jobs, despite the Scottish craft brewer being snapped up in a rescue deal by a US firm.

Tilray Brands, which produces medicinal cannabis as well as craft beer in the US, has acquired the BrewDog brand in a £33 million deal.

It bought a number of BrewDog assets including the global brand and related intellectual property, its UK brewing operation and 11 of its pub venues across the UK and Ireland.

But administrators confirmed this would therefore result in the closure of most of BrewDog’s bars, with 38 now closing and 484 workers set to lose their jobs.

BrewDog’s 18 franchise bars in the UK and internationally will continue to operate.

The Tilray deal will see it take control of BrewDog facilities including its brewery in Ellon, Aberdeenshire, and The Hop Hub, a national distribution centre in Motherwell, Lanarkshire.

It will also preserve 733 jobs in the UK, where employees will transfer to Tilray.

The brewer, which makes craft beer such as Punk IPA and Elvis Juice, closed its pubs on Monday as it sought to confirm a takeover.

Educating people about life-like AI can help prevent ‘devastating’ scams – study

Care for others was at heart of Jeane Freeman’s life, thanksgiving service told

Thanksgiving service to be held for late former health secretary Jeane Freeman