BrewDog Collapse Debt Issues

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 18 Sep

   Earlier this year, US drinks firm Tilray snapped up BrewDog’s brand, intellectual property, UK breweries and 11 bars in a rescue deal for about £33 million.

   3 outlets · Evening Standard

Coverage 4 articles

• 18 Sep Ex-Brewdog staff bitten again as they lose out on £500k payFormer BrewDog employees have lost nearly £500,000 in unpaid wages and holiday pay due to insufficient funds during the company’s winding-up process. Administrators AlixPartners blame this on unexpected costs from removing squatters and failed pub sales after Tilray's acquisition of BrewDog for £33 million earlier this year. This acquisition led to the closure of 38 pubs and layoffs of 484 staff members, with…Daily Mail
• 18 Sep BrewDog creditors owed £190m will not be paid in full, say administratorsBrewDog's administrators at AlixPartners have confirmed that creditors owed approximately £190 million will not be fully compensated due to insufficient funds. The company’s collapse, following its acquisition of brand assets and intellectual property by Tilray for around £33 million in March, has led to the closure of 38 BrewDog bars and the loss of jobs for 440 staff members. Unsecured creditors are expected to…The Guardian
• 18 Sep Brewdog's unpaid workers to receive nothing after takeover dealBrewdog’s former staff and several creditors will receive nothing after the Scottish brewery's takeover by US drinks firm Tilray. The administrators, AlixPartners, reported insufficient funds to pay back £489,000 owed to unpaid workers and an additional £2.4 million in VAT arrears to HMRC. This situation left hundreds of UK businesses with over £20 million in outstanding bills, affecting various sectors including…BBC
• 18 Sep ‘Insufficient funds’ to pay employee wage debts at collapsed BrewDog companyAdministrators of BrewDog's collapsed retail arm report that there are insufficient funds to pay approximately £489,000 owed to former employees in terms of wages and holiday pay. The situation stems from a reduced level of realizations and increased costs during the administration period following Tilray’s acquisition of BrewDog’s brand assets for about £33 million earlier this year.Evening Standard

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