I invested in Brewdog in my husband's memory. He would be turning in his grave
📖 Full Retelling
Early investors in Brewdog are sharing their stories after the company's collapse wiped out their stakes.
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I invested in Brewdog in my husband's memory. He would be turning in his grave 17 minutes ago Share Save Paul O'Hare BBC Scotland Share Save Steven Howe-Bull invested in Brewdog's Equity for Punks scheme as a tribute to his late husband, Keith Phillip. Punk IPA had become their favourite beer and they admired the maverick Aberdeenshire company's bid to take on the global brewing giants. The couple had been together for 30 years when retired headteacher Keith died in February 2017. Steven, from Suffolk, wanted to do something in his memory, and his attention was caught by an advert for the brewer's Equity for Punks fundraising drive. The retired wedding celebrant had never invested before, but decided to put £1,000 into the scheme. He believed the "altruistic" company would do well by its investors and staff. "It looked like a nice thing to do for Keith but, over the years, I have been watching its slow demise," he told BBC Scotland News. He now wishes that he had never invested. "The way the company has been run, Keith would have turned in his grave." Brewdog went into administration on Monday. The US firm Tilray bought parts of the business in a £33m deal, but 38 bars have closed and 484 staff were made redundant. The news was broken to workers by Brewdog chief executive James Taylor during a 15-minute conference call. Brewdog founder admits 'many mistakes' as hundreds lose jobs in sale The 15-minute call where hundreds of 'devastated' Brewdog staff were made redundant The administrators also made clear that those who invested in the Equity for Punks scheme would not get any return from the deal. Steven said the way that investors had been informed of developments through media reports was "really unpleasant and messy". "We were the last to know," he said. "I thought: 'What a nice and honourable thing to invest in'. "Not at all. The legacy is awful." The Equity for Punks scheme promised those who invested a chance to "own a slice of the brewery and share in its suc...
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