Overview
- BrewDog confirmed a structured process to explore new investment or a sale, saying operations continue as normal and no decisions have been made.
- Advisers have begun sounding out potential bidders with a quick deadline for indicative offers, according to multiple reports.
- The process may see assets sold separately, with the four breweries potentially split from the bars and venues.
- The move follows consecutive losses, bar closures, job cuts and the wind-down of BrewDog Distilling Co, alongside the loss of many pub tap listings.
- About 220,000 Equity for Punks investors who put in roughly £75m could see limited returns under any deal, while co-founder James Watt is reportedly canvassing backers for a possible buy-back.