The founder of BrewDog, James Watt, expressed deep sadness after the company was acquired by a US corporation, leading to the closure of numerous bars and the loss of hundreds of jobs.
Tilray Brands finalized the purchase of BrewDog for £33 million, resulting in the closure of 38 bars and 484 job layoffs as they were not part of the deal.
Investors who participated in BrewDog’s crowdfunding rounds through the “equity for punks” scheme also faced losses.
Following the acquisition announcement, Mr. Watt shared a message on social media, describing the week as “extremely challenging” and acknowledging that there were aspects he would have handled differently.
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Reflecting on the journey, Mr. Watt mentioned the highs, lows, successes, failures, risks taken, and mistakes made during BrewDog’s evolution.
Initially co-founding BrewDog in Aberdeenshire in 2007, Mr. Watt transitioned from CEO in 2024 to the role of “captain and co-founder.”
Expressing his sorrow, Mr. Watt stated, “My heart goes out to the dedicated team members who lost their jobs and the equity punks who did not see the returns they hoped for.”
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