Brewdog

[Come On You Irons]

Hundreds of staff summarily sacked yesterday.

Investors left with ZERO return

Founding owners walk away with millions by contrast.

What a perfect brand to serve as Sullivan and Brady's preferred sole beer supplier to West Ham

BBC News - The 15-minute call where hundreds of 'devastated' Brewdog staff were laid off - BBC News
https://www.bbc.co.uk/news/articles/cd70zjvwjpdo

[BRANDED]

The key is being able to trade your share. If you cant, you’re fucked. 

[Come On You Irons]

The whole sell off to private equity with preference shares is so shady and a reason why I would never invest my CAPITAL in these dodgy start up ventures.

Give me a safe, boring FTSE100 or S&P500 company all day long.

[BRANDED]

The company went into administration. It was worth very little, except what the buyers paid £30 mill for. the bits that stripped out actually make money.

shareholders always lose their shirts. 

 

[MaryMillingtonsGhost]

Barman.
A pint of bothered, please.

Truly awful neck oil, and surprised they lasted as long as they did.

[wingdamage]

The people who sold it were the OWNERS, they don't owe anyone a living, they're the ones who built their own business up.

Don’t agree with this. Have a preference for the John Lewis model where all employees have a share in the ownership.  The world would be a better place if every business set itself up like that. 

The John Lewis model would be better if they didn't take away this years 6.7% pay rise for their van drivers for making a minor infringement. A first disciplinary due to a  minor traffic violation costs the full time employee £1800. Shocking and sadly true. The employee gets the rise delayed for a year they're on £15 an hour. The accountant who brought this ruse in saves the company thousands, they don't have my admiration. 
Brewdog is piss. 

[onsideman]

The people who sold it were the OWNERS, they don't owe anyone a living, they're the ones who built their own business up.

 

 

Well... as always, there's a bit more to it than that.

They sought investment early on specfically from regular punters who were fans of the brand rather than seasoned investors to aid expansion... Equity For Punks they called it, but the equity came with no actual rights. £75m was raised and they then used that money to develop a brand that was ultimately worth £1bn - a valuation figure that was arrived at by virtue of the owners selling £200m of shares to a private equity firm.  The 20%+ also came with massively onerous preferential rights which basically wiped out the punk investors. 

The owners - and James Watt in particular -  then destroyed the brand through his damaging behaviour, dreadful PR and the creation of a renownedly toxic working environment before resigning.

It was decimated and 'sold' for £30m for asset stripping.

They're cunts

[wils]

I really like Brewdog IPA. But stopped buying it when they came out as woke and anti-Brexit. Had the desired effect. 

[BRANDED]

The founders sold a load of their shares a few years ago. The venture capital that came in sold it. They had every right to do that in their best interests. Its a private business and they’ve lost loads of money.

if you rely on a business for your life you might want a back up option if they are useles.

FWIW I always like Punk IPA. Still do. But all beer is getting stupidly expensive in pubs except Spoons obvs. 

[eusebiovic]

Shitty beer for pretentious hipster cunts.

The hipsters dropped them like radioactive waste as soon as it became clear they were getting too big for their boots hence becoming "uncool" 

[Leonard Hatred]

Shitty beer for pretentious hipster cunts.

[wils]

The people who sold it were the OWNERS, they don't owe anyone a living, they're the ones who built their own business up.

Don’t agree with this. Have a preference for the John Lewis model where all employees have a share in the ownership.  The world would be a better place if every business set itself up like that. 

[Tomshardware]

Pißwasser  

[Massive Attack]

Does taste shit. Definitely no loss.

[Mad Ferret]

Shit beer at £8 a pop.

Good riddance.

[Alfs]

James Watt is a 'look at me. I wanna be famous' cսnt.

[Gank]

The people who sold it were the OWNERS, they don't owe anyone a living, they're the ones who built their own business up.

[Mike Oxsaw]

Ah yes, I forgot we live in a brutal capitalist society in which is is deemed accepted by some without morals (looking at you OxBORE) to shit a business down, walk away with millions and make 500 redundant at a drop of a hat.

As if you'd have any understanding of a business working at that level with those sort of figures in that particular industry.

[Come On You Irons]

Ah yes, I forgot we live in a brutal capitalist society in which is is deemed accepted by some without morals (looking at you OxBORE) to shit a business down, walk away with millions and make 500 redundant at a drop of a hat.

[Mike Oxsaw]

Bred Wog not playing the white man?

Businesses eh?

Should all be run as charities solely for the benefit of the workers.

[Massive Attack]

But I heard they were ineligible now? 

[Come On You Irons]

Sorry to break it to you Pub Bigot but both of those pubs are remaining open!

[Pub Bigot]

Gutted for the staff, but happy my old man won’t drag me into the BrewDog in either Canary Wharf or Upminster now.