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BrewDog’s ‘Equity for Punks’ fuelled its rapid rise – but may have contributed to its struggles

  • Written by Ross Brown, Professor in Entrepreneurship and Small Business Finance, University of St Andrews
BrewDog’s ‘Equity for Punks’ fuelled its rapid rise – but may have contributed to its strugglesGraeme J Baty/Shutterstock

Craft brewer and pub chain BrewDog recently closed some of its pubs in a push to cut operating costs. Given it is partly owned by private equity firm TSG Consumer Partners, the loss-making firm is likely to face further organisational upheaval. After all, private equity firms generally specialise in cutting costs and...

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