Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Brewdog to shut six bars as its CEO launches scathing attack on ‘zombie government’

by September 1, 2022
September 1, 2022
Brewdog to shut six bars as its CEO launches scathing attack on ‘zombie government’

Pub chain BrewDog will close six outlets across the UK as its CEO launched a scathing attack on the “zombie government’s” lack of support for the industry amid soaring energy costs.

Its CEO and founder James Watt shared the news on a heartfelt LinkedIn post, in which he appealed to Liz Truss and Rishi Sunak to “stop the charade” of not giving help to small firms.

According to MyLondon, three London bars which will close are Smithfield Market Arms in Farringdon, Brewdog Dalston, and Brewdog Old Street. Three other outlets which are set to shut are the Hop and Anchor in Aberdeen, the Hop Hub in Motherwell, and a bar in Peterhead.

This comes after pubs and brewers across the UK warned they are at risk of closure within months amid price hikes upwards of 300 per cent.

Two weeks ago, BrewDog opened its biggest branch in Waterloo, which allows all its 200 staff to receive half the profits it generates. Watt said it “exceeded even our ambitious expectations with over 20,000 visitors in the first 2 weeks alone”, but its success shouldn’t “blind us all to the reality we as a sector are facing”.

He added it should also not distract the industry from the “sheer ‘rabbit in the headlights’ paralysis of this zombie government, still intent on this bizarre leadership farce, instead of getting to grips with the kind of challenges that will result in more business causalities than the pandemic did.”

With fears over mass closures and an existential threat faced by the hospitality sector over soaring energy bills, he confirmed six bars will be shut across the UK.

The “heart-breaking’ announcement came after Watt warned that “costs are rising to such a degree, with no prospect of any help from a clueless government, that these very difficult decisions have to be made”.

Watt said in the current climate it would be “simply impossible to get these bars even close to financial viability” and the firm therefore had “no choice” but to let them close.

BrewDog will offer all staff who have been let go a role in a separate bar, but he added “reality in the hospitality space is starting to bite and bite hard. And the government needs to get a grip, now.”

Read more:
Brewdog to shut six bars as its CEO launches scathing attack on ‘zombie government’

0
FacebookTwitterGoogle +Pinterest
previous post
The Importance of Learning Business Ethics
next post
Turning the tables on supply chain issues in the manufacturing sector

You may also like

Comprehensive Guide to Pickleball Court Installation

June 28, 2024

Lloyds Banking Group announces closure of a further...

January 29, 2025

Unloc and Verizon launch Young Entrepreneurs Challenge 2025...

September 30, 2024

Employment Rights Bill: How It Could Affect Business...

May 21, 2025

SME XPO Reveals further details on this years...

April 18, 2023

UK can become a “pioneer of responsible AI...

October 30, 2023

Amazon workers in Coventry make historic bid for...

April 26, 2023

Nearly £1bn wiped off UK retailers’ market value...

August 27, 2025

How Businesses Can Convert Outdoor Spaces to Improve...

May 27, 2024

Adrian Chiles Faces £1.7m Tax Bill After Losing...

June 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • National Wealth Fund commits £200m to UK battery storage push

      August 28, 2025
    • XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day

      August 28, 2025
    • West End retailers lose £310m from VAT-free shopping ban in first half of year

      August 28, 2025
    • Dollar slips as Trump moves to sack Fed governor Lisa Cook in unprecedented clash over central bank independence

      August 28, 2025
    • CDC Director Susan Monarez refuses to be fired as other officials call it quits

      August 28, 2025
    • Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

      August 28, 2025

    Categories

    • Business (8,901)
    • Investing (2,246)
    • Politics (16,503)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved