BrewDog’s sale to Tilray for £33M and CEO James Watt stepping down has everyone talking—once valued at $1B, now facing major upheaval.
Two major UK-based brands, the YouTuber collective behind Sides and BrewDog, are planning significant expansion. Sides aims to open Scottish restaurants this year amid global growth, while BrewDog faces potential breakup after calling in investors. Both stories highlight shifts in UK business landscapes.
BrewDog, the Scottish craft brewer, has been acquired by US cannabis and drinks company Tilray for £33 million after falling into administration. The deal results in 38 bar closures, 484 job losses, and leaves crowdfund investors with no returns. The remaining 11 bars and UK operations will continue under Tilray.
BrewDog, once valued at $1 billion, was sold for £33 million ($44 million) to Tilray Brands, leading to nearly 40 closures and 500 job losses. Innis & Gunn was acquired by C&C Group for £4.5 million amid financial struggles, with redundancies expected. Both deals mark significant shifts in Scottish craft brewing.
Unilever plans to merge its food division with McCormick in a $15.7 billion cash and equity deal, creating a global flavor powerhouse. The transaction, expected to close by mid-2027, will see Unilever's shareholders owning 55% of the new entity, marking a significant shift in its strategic focus.