> The UK and Irish assets of BrewDog, the Scottish self-styled “punk” brewer, have been sold to the US cannabis and drinks firm Tilray for £33m, in a deal that will cost nearly 500 jobs and leave legions of the company’s early-stage crowdfunders empty-handed.> Tilray agreed a deal to buy BrewDog’s brand, intellectual property, UK brewing operations and 11 “strategic” bars in the UK and Ireland, the two companies confirmed, preserving 733 jobs. The remaining 38 bars will close immediately, at a cost of 484 jobs.> More than 200,000 “equity for punks” investors, many of whom had at one stage hoped to cash in from a stock market float projected to value the company at £2bn, will not receive anything, according to AlixPartners.
Based
Good riddance to a shitty meme company. New buyers are going to take a bath on this.Pro tip: these guys were about as ‘punk’ as Rage Against The Machine (a Sony company) are anti-corporate. Capitalism is so powerful it’s even commodified and packaged communism and anti-conformity as products to be marketed and sold.
Haven't been following closely, but I figured with how the company has been going for some time that those guys that threw cash at them were probably going to be shafted
>>21913590The Ramones were from the nice part of Queens, the Sex Pistols were a Boy Band and Joe Strummer's parents were diplomats. The image the Punk was ever anything more than a look is fabricated.
Fun fact: You have to be poor to have opinions that I disagree with or you're inauthentic. Except if you are poor, in which case what the fuck do you know, welfare queen. I only listen to the opinions of rich people. Except if I disagree with those rich people, then they're hypocrites. Thank you for subscribing to fun facts.
Name one punk that didn't sell out
>>21913602didn't know james watt posted on 4chan
>>21913576>punk brewery >sells out to big business A tale as oldvas time
>>21914375*old as
>>21913584The "my sides" thing is about when something is funny.Are you trying to be an edgelord by suggesting a bunch of lost jobs and corporate expansion which results in us 99% taking it just a little deeper up the ass is funny?You're a fucking idiot.
>>21913576Cannabis is fun for the whole family.
>>21914375Why do people expect more from punks. Like there's some magic ethos that keeps it underground, that shrugs off rewards with a form of non-masculine chivalry or something.Punk's always been a product and look.
>>21914526Uh oh!!! Don’t let a punk hear that! Some of the most delusional people, that sentence can really mind break some people
>>21914396always remember: this board's main user base in current year is miserable incels whose only solace in life is taking delight in other people's suffering
>>21914396>>21914545It's the service industry anons, they'll get jobs pouring beers and serving smashburgers for millennials somewhere else in a couple weeks.Odds are if they acquired and closed them, they weren't performing particularly well anyways. I know the UK doesn't tip and you'll likely seprg out over me simply suggesting it, but I doubt a slow brewpub is a particular loss to anyone.
>>21913599What about gg allin
>>21914604>things close because they weren't """""""""performing""""""""" """""""""well"""""""""you don't know much about how this all works do you?
>>21914396Get the stick out of your assIt’s funny that they got bought by a weed company. Certainly more people would be SOL if that hadn’t happened.Forgive me for not solemnly standing with the people who got laid off on this anonymous online underwater basket weaving forum.
>>21914628His final days were littered with Talk Show Appearances and a film by eventual schlock artist Todd PhilipsPeople only know about him because he sold out in his 30s. Became the necessary edgelord for Geraldo fucking Rivera.
>>21913576>early-stage crowdfundersfell for it again award.
>>21913603ian mackayesteve 'mcdonalds' albini
>>21914670Albini sold out when he did In Utero Ian Mackaye was a sellout at birth, rich Washington Intellectual Elite. Knew how to form an LLC, literally promoting "don't do drugs, but totally not in the Reagan Administration way" during the Reagan era with parents who definitely knew the Reagans. Endorsed Obama etc. etc. How can you sell out when you're already a rich well connected guy the minute you fall out of your mom?
>>21913576>More than 200,000 “equity for punks” investors, many of whom had at one stage hoped to cash in from a stock market float projected to value the company at £2bn, will not receive anything, according to AlixPartners.Holy fuck lmao how retarded are these people that they would throw money at what is essentially an IPO but with no actual legal requirement to pay them back?
>>21914687>Explicitly target anti-capitalist types with something that sounds like equality but is really just a free drink and a dumb party invite to get free money for rich peopleI think it's brilliant in a super villain kind of way. Smart to target a group of people known for hating capitalism with the most underhanded capitalism disguised as an investment with a party.
>>21914628he just wanted to become famous in hopes of cashing in on his popularity later
>2020+ punklol
>>21913576>Be me>Think Brewdog is a company for fags and male feminists>Look it up>They're actually chuds who've scammed a bunch of punk rockers and molested employees>Now they're cashing out and fucking over a bunch of "punk" soyllennialsI won without even knowing it.
>>21914545That's true. I do forget that.
>>21914679>Albini sold out when he did In Utero People with opinions like this are insufferable. That was what, 1993? Probably produced in '92.
>>21914912How did YOU win? You suck. You'll never win anything. Just stay at home and be a bitter assbag. I like soy things.
>>21915226t. Brewdog punk equity """investor"""
>>21915241t. huh?
>>21915304Read the OP post all the way through.
>>21915307t.
t. means something
>>21914396Yeah it's fun to laugh at other people's misfortune and suffering What about it?
Punk rock, man!
>>21913602you sound like a champagne socialist welfare queen hypocrite unedcuated blue collar moron never run a business latte sipping over educated brainwashed uni elitist inner city white collar trust fund politics of envy woke commisocialist why haven't you donated all your money to charity atheist trans muslim gay libcuck
>>21914679There was a legal requirement in the event of sale or going public, but like with any private shares they're very restricted in what you can do before the company does either of those things.The real thing that fucked them was that they issued new classification of share to a hedge fund over the top of them that was legally higher priority. The eventual sale price could only cover those, and there was nothing left over for the chumps.
>>21915824How badass and rebellious of you to fly in the face of decency like that. You're showing the world. You're showing them that your childhood bully and rapists will not win. Because you have this outlook on life. lol
>>21915956This attempt at social shaming is really quite pathetic, man.
>>21915969So is pretending you think hundreds of people losing their jobs is so "hilarious".
Brewdog was one of the few craft beer places that actually cared and served many types of beer in the uk. Everyone else serves 4% alcohol ipas that are all generic This is actually a loss for everyone who likes craft beer in the UKAll you guys do is proceed to give the most retarded takes on this happening this is a dead website full of morons lower than dirt I can’t believe it sold all its locations for only 33m they must have been in financial trouble anywaysSeems like the whiskey and craft beer bubble is popping
>>21916037Weatherspoons sells lots of craft beer.
>>21916041Compared to brewdog they are very limited Oh well I guess the UK doesn’t really understand craft beer not a huge loss for them I guess because they are so ignorant already
>>21916037>This is actually a loss for everyone who likes craft beer in the UKNot really, it just means that the bottom-of-the-barrel swill that was Brewdog offerings get replaced by better, more local products. Take the CAMRApill or just go to Spoons like the other anon told you.
>>21914670Steve Albini is a fucking molester
why is making money so offensive to so many people here? is it because most of you are poverty-level poor?
>>21913576Good fuck the UK and the Irish. We're gonna replace your pubs with IPA and weed cafes.
>>21913576crowd funders btfo
>>21916887Who is making money? Who are you replying to?
>>21917170maybe read the thread first before making retarded comments
>>21915892
>>21913576Socal punk>UK punk
>>21917916Blink 182 sucks, but San Diego basically invented the modern IPA
>>21916037>>21916051for somebody crying about morons with retarded takes and the ignorant you couldn't be more obviously basing your "information" on memes you fucking idiotI live in a remote village almost antipodal to the UK and I know that you're full of shit based on an occasional lap around the import section of a city bottleshop and reading a few articles on a handful of blogs when I remember they exist every 6 months or soarrogant hypocrite
fuck me the amerimutt stink from this thread is absolutely rancid
>>21916037I've been to a Brewdog bar twice in my life and both times it was incredibly underwhelming and overpriced. You will genuinely have a much better time finding a traditional pub with a decent selection of handpulled local ales if you want "craft"
>>21913576>BrewDog
>>21913576>More than 200,000 “equity for punks” investors, many of whom had at one stage hoped to cash in from a stock market float projected to value the company at £2bn, will not receive anything, according to AlixPartners.so they had "equity"...but the buyout didnt pay them?since when can you sell all the shares in a company while also stiffing some of the holders?either this "equity" never really existed (just an IOU at best) and going public never would have given them a payout or euro law allows for some comically scammy equity arrangements
>>21919250Equity is just a word, frankly where I come from, it's merely a stage actor's union
Tried their beer once at Groccery Outlet. glad i didnt blow $50 for a share when I got instagram ads
>>21916037>IPAs>4%They are supposed to taste like ass but get you super fucked up wtf
>>21919250It was like REI COOP, yeah they will mail you a 30 cent dividends check but if the parent company goes tits up you are SOL like if a stock got delisted from NASDAQ
Will this finally mark the end of the cringe IPA era? Can we go back to normal beers and ales now?
>>21919409They've gotten their spot on the global tap, but it's just gonna be one spot by one of a few larger brands. Today's craft breweries seem to be gravitating to more belgian abbey nodes as seen in >>21918457's beer selection. Talea is a NYC based brewery currently doing a BrewDog like ride upwards but with more flowery indie girl nodes and Belgian-inspired flavors and less It's 1977 vibes.
Reminder: If it's not 100% DIY it's not really punk
>>21916037Brewdog's been fucked financially for years. It rode the craft brew wave to a bunch of investment capital both independent and institutional, then hit a wall with Covid, a failed expansion into America that saw them reduced to being a contract brewer, increased competition from hard seltzer and RTD cocktails, and declining alcohol consumption in younger demographics.
>>21917828I did. And you still can't answer me, asshole. You're not benefiting from capitalism either. So don't pretend you're better than anyone. You're just a bitter contrarian virgin. That's all your attitude is about.
>>21919242Funk!
>>21919409You seem to think people don't really like the flavor and that it's all trend. Wrong. No, IPA isn't going away. And also, you could ALWAYS get "normal beers and ales".
>>21919409It doesn’t really matter Brits never got to really experience the IPA era They are too retarded about their beer to ever get it
>>21919828No you couldn't. IPAs pushed everything else off the shelves.
>>21919800Most DIY is just girls with bad skin and bangs doing indie shit. Pretty much since Nirvana broke and all the jocks got record deals leaving only Bikini Kill and friends that's been true
>>21916041Weatherspoons does cheap pints. Stronger out.
>>21919881its always been the fag drink for ssri addicted soibois
>>21913576>More than 200,000 “equity for punks” investors, many of whom had at one stage hoped to cash in from a stock market float projected to value the company at £2bn, will not receive anything, according to AlixPartners.
>>21914670Mackaye literally shilled for the vaccine and did multiple interviews about Trump is le fascist. Dude wrote a song called Guilty of Being White which was against blaming whites for past racial grievances and yet now lipservices identity politics. He is the personification of live long enough to see yourself become the villain
>>21919807>a failed expansion into AmericaI never understood this insane hubris. No one at all, no one, had then or does now, give a fuck about Brewdog. I guess the whole "Coals to Newcastle" thing flew way the fuck over their heads. Glad they've gone down in flames.
>>21921689Why do Trumps/Vaxx Schizos think any deviation from their politics is "selling out" Guy you worship a billionaire who got rich shilling condos the only similarity to punk he has is being from the same neighborhood as the Ramones
>>21922511They wanted to be the Clash of beers and they forgot that Sandinista may have good hindsight reviews but largely bombed when it came out.
