Brewdog founder James Watt submits buyback offer from Tilray Brands

Published Jul 15, 10:27 AM UTC

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Brewdog founder James Watt has submitted a formal offer to buy back the craft beer company from its current owner, US cannabis and craft beer firm Tilray Brands, just months after it was sold for £33 million. Watt is making the bid through Second Best, a vehicle he created to offer shares to thousands of 'equity punks' who held shares in Brewdog but received nothing from the sale. He has pledged to restore their stakes, reinstate the Real Living Wage for workers, and offer employees shares. The move marks a dramatic twist in Brewdog's history, which once boasted a £2 billion valuation. Watt stated, 'The punks and the crew built this company and Brewdog deserves to belong to them once more.'

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City AMWestern

Original headline: James Watt offers to buy back Brewdog

Original language: EN-GB

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James Watt Bids to Buy Back BrewDog from Tilray Brands

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Scotland