BrewDog to close a number of bars amid ‘economic pressures’ and ‘rising costs’ – London Business News | Londonlovesbusiness.com

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BrewDog has announced they will close 10 of their bars this week which is part of a fresh strategy in response to “economic pressure” and “rising costs.”

The Scottish craft brewing giant has said they have made efforts to preserve the bars it “has simply not been possible to make these bars commercially viable,” 100 jobs are at risk.

A consultation period has been launched which will last for two weeks and the bars will close for the last time on 26 July.

Chief executive James Taylor told his staff that the closure of the bars is in relation to “rising costs, increased regulation, and economic pressures” within the hospitality sector.

A BrewDog spokesman said: “We can confirm that following a review of our bars business we have made the difficult decision to close 10 bars – which reflects a more focused strategy and a rationalisation of our bar footprint.

“This decision is not simply a response to the challenging UK hospitality market, but a proactive decision to redefine the bar division’s focus for long-term and profitable growth – accounting for ongoing industry challenges, including rising costs, increased regulation, and economic pressures.

“We are working hard to minimise the impact on our people, and we expect to redeploy many affected team members across the BrewDog network.

“For those leaving the business, we’re providing as much support as possible during this transition.”

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