BREW News & Analysis

Brewdog (BREW) workforce to get nothing after £33m takeover deal

Brewdog's unpaid workers and creditors are not expected to receive any compensation following its administration process. The Aberdeenshire-based brewer, sold to Tilray for £33 million in March, had debts exceeding £500 million, with £489,000 owed for staff wages and £2.4 million owed to HMRC. Asset sales generated minimal funds, including £41,300 from a 7.8 acre field and £62,000 from equipment sold to Marylebone Cricket Club. This situation highlights the financial struggles of Brewdog's creditors, who will likely receive less than a penny per pound of what they are owed, signaling significant losses in the market.