Summary
Brewdog, a Scottish craft beer company, closed all its bars for one day as it works to finalize the sale of the business. The company also held staff meetings to explain what would happen next and to comply with licensing regulations due to the anticipated change in ownership. Brewdog has faced financial challenges and recently had to cut jobs and close some bars.
Key Facts
- Brewdog shut all its bars for a day to assist with completing a business sale.
- Consultants from AlixPartners were hired because Brewdog hasn't been profitable recently.
- Brewdog was founded in 2007 and has about 60 bars in the UK and breweries worldwide.
- Chief Executive James Taylor informed staff about meetings to discuss upcoming changes.
- The company closed bars to comply with licensing laws related to a new ownership.
- Brewdog recently announced job cuts and closed 10 UK bars after reporting a £37 million loss.
- The firm faced criticism for opting to pay new staff minimum wage instead of the living wage.
- Brewdog's co-founder James Watt moved to a new role, and the other co-founder, Martin Dickie, left the company last year.
