Beermaker BrewDog is to shut down 38 bars with the loss of 484 jobs, administrators have confirmed.
The closures and job losses follow after they were not included in a £33 million rescue deal by US firm Tilray.
It comes after the Scotland-based brewer, which makes craft beer such as Punk IPA and Elvis Juice, closed its pubs on Monday (March 2) as it finalised the sale process.
It is understood that the bar closures are a result of the upcoming change in control of the business and related licensing agreements.
In February, consultants AlixPartners were called in to oversee the sale process.
BrewDog operates 72 bars around the world as well as four breweries.
You can find your local Brewdog bar via its website .
BrewDog to close 38 bars, administrators confirm
US brewer and cannabis group Tilray Brands acquired BrewDog in a £33 million deal.
Tilray, which owns a raft of craft breweries in the US, said it has bought several BrewDog assets, including the global brand and related intellectual property, the UK brewing operation and 11 of its pub venues across the UK and Ireland.
It is separately negotiating deals to buy certain BrewDog assets in the US and Australia.
Irwin D Simon, chairman and chief executive of Tilray Brands, said: “BrewDog is one of the most iconic, mission-driven craft beer brands in the UK.
“It helped redefine modern craft beer through bold innovation, fearless creativity and an unwavering commitment to great beer.
“As we begin a new chapter for this great brand, our priority is to refocus BrewDog on the craft beer excellence that made it beloved in the first place and to strategically invest to return the operations to profitable growth.
“BrewDog’s future is bright, and we are committed to ensuring the brand continues to lead and inspire the global craft beer movement.”
Full list of BrewDog stores closing with immediate effect
England (29):
- Basingstoke
- Bath
- Bournemouth
- Bristol – Baldwin Street, Harbourside
- Cambridge
- Cardiff
- Carlisle
- Cheltenham
- Exeter
- London – Soho, Camden Road, Chancery Lane, Clerkenwell, Ealing, Hammersmith, Seething Lane, Tower Bridge, Wandsworth
- Liverpool
- Manchester – DogHouse Manchester, Manchester Outpost
- Milton Keynes
- Newcastle
- Norwich
- Nottingham
- Plymouth
- Reading
- Southampton
Scotland (9):
- Aberdeen – Castlegate, Union Square
- Edinburgh – Cowgate
- Glasgow – Merchant City, Argyle Street
- Inverurie
- Perth
- St Andrews
- Stirling
The full list of BrewDog outlets set to close was confirmed by consulting firm AlixPartners.
