Speaking to Restaurant’s sister title MCA, Tilray Brands CEO Irwin Simon rejected the idea that the business would be sold. “BrewDog’s not for sale,” he said. “I’ve done over 100 acquisitions in my life. This is one of the most exciting and one that myself and the team really want to see through.”
The rebuttal comes after James Watt, BrewDog’s co-founder and former CEO, said that he had submitted an offer to Tilray to buy back the business. He promised that if he was successful every Equity Punk who registered their support for the bid would be given the original stake they held in BrewDog back.
Simon told MCA that the bar and brewer represented ‘one of the most exciting’ acquisitions in his career and that the focus remained on rebuilding towards the group’s £1bn+ valuation, as set out by Tilray back in April.
Tilray bought the global BrewDog brand, its UK brewing operations and 11 UK bars in March this year for £33m.
The US company subsequently went on to acquire the BrewDog’s assets in the US and Australia.
