BrewDog co-founder James Watt is reportedly looking to draw together backers for a bid for the UK brewer. The Punk IPA brand owner has brought in AlixPartners to determine the possible interest in the loss-making business. According to Sky News, Watt, who established BrewDog in 2007 and stepped down as CEO in 2024, has told potential backers he would put up around £10m ($13.5m). Initial bids have been made, with suitors requested to table second-round offers, the broadcaster said. The Sunday Times yes ...

Core Insights - BrewDog has announced job cuts across several departments as part of an internal review aimed at long-term success in a challenging market [1][2] - The company reported a pre-tax loss of £36.6 million ($49.1 million) for the year ending December 31, 2024, a decrease from a loss of £59.2 million the previous year, with turnover remaining flat at £357 million [3] - BrewDog is focusing on simplifying operations and has a strong commercial plan for the critical fourth quarter [3][4] Company Actions - Job cuts were communicated to employees via an internal memo from CEO James Taylor, indicating a right-sizing of the business [1][2] - The company sold its Kinrara Estate to Oxygen Conservation, marking a strategic divestment after acquiring the site five years ago [4] - BrewDog closed ten bars across the UK in July due to ongoing challenges in the local hospitality sector [5] Leadership Changes - Co-founder Martin Dickie announced his departure from the company in August, indicating potential shifts in leadership dynamics [4]