Scottish inventor and co-founder of BrewDog at the center of its recent moves
BrewDog’s founder James Watt has tabled a bid to reacquire the Scottish craft beer business he co-founded, via a new firm, Second Best. The move follows Tilray’s rescue of BrewDog earlier this year and the company’s subsequent administration, which closed bars and left investors out of pocket. The ICO is reviewing potential GDPR concerns over shareholder data.
Administrators warn BrewDog’s assets sales fall short of paying all creditors. Unsecured creditors will receive less than a penny in the pound; HMRC and staff wages owed face shortfalls as Tilray’s rescue deal leaves equity worthless for 200,000 crowdfund investors.