Summary
Steven Howe-Bull invested in Brewdog's "Equity for Punks" scheme as a tribute to his late husband. Brewdog recently went into administration, leading to job losses and the closure of 38 bars. Investors in the scheme, like Steven, were informed through the media that they would not receive any returns on their investments.
Key Facts
- Steven Howe-Bull invested £1,000 in Brewdog's "Equity for Punks" scheme to honor his husband.
- Brewdog faced financial difficulties and went into administration.
- A U.S. firm, Tilray, purchased parts of Brewdog for £33 million.
- Brewdog closed 38 bars, leading to 484 employees losing their jobs.
- Investors in "Equity for Punks" were told through the media that they would not get returns.
- The scheme had raised £75 million before it closed to new investors in 2021.
- Brewdog promised investors perks like discounts and free birthday beer.
- Many investors found out about the company's troubles from media reports, not directly from Brewdog.
