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

Public Relations Tactics That Resonate with the Public

August 24, 2024

Businesses using AI to file R&D tax claims...

January 20, 2025

Protecting Your Business Against Phishing Attacks

April 19, 2024

Unlocking business success with virtual card payments

April 2, 2024

UK’s trade deficit widens to record £27.9bn as...

August 12, 2022

Crypto Rewards: 5 Crypto Credit Cards You Should...

January 26, 2023

London’s wages fall 5.6% since 2008, second worst...

March 10, 2025

Centrica CEO’s Salary Soars by Nearly £4m Despite...

March 27, 2024

Shakespeare’s Globe Theatre feels the impact of Tourist...

August 7, 2023

Virgin hails green light to challenge Eurostar as...

April 1, 2025

    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

    • UK Export Finance unveils new tools to boost SME global trade

      June 27, 2025
    • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

      June 27, 2025
    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025
    • Winners announced at Isle of Man Innovation Challenge 2025

      June 27, 2025
    • Padel club boom sees 3,200 venues built in 2024 as global popularity accelerates

      June 27, 2025
    • Sweet or taxable? M&S strawberry sandwich sparks new VAT debate

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,074)
    • Politics (15,825)
    • Stocks (3,172)
    • 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