BrewDog
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Tilray Brands completes £33 million acquisition of BrewDog's UK operations and global brand
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Tilray Brands has completed its purchase of Scottish craft brewer BrewDog's UK brewing operations, global brand, intellectual property, and 11 brewpubs for £33 million (~$44 million) following the company's administration. The deal preserves 733 jobs but results in 484 redundancies and the closure of 38 UK bars, with separate talks ongoing for US and Australian assets.
Katie Beal Brown, the founder of Lone River, has left her position at Diageo after five years. This departure comes amid various updates in the beverage industry.