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BrewDog's losses hit £59m as boss vows return to profit

The Guardian

|

October 17, 2024

The new boss of BrewDog has promised its "punk" shareholders a return to profit after delayed accounts revealed losses doubled in the final year under the stewardship of the company's co-founder, James Watt.

- Rob Davies

BrewDog, which is based in Aberdeenshire, apologised to investors for the late release of results in an announcement that coincided with Watt firing a broadside at the government over its budget plans.

The beer entrepreneur, believed to be worth more than £250m, lashed out at Labour amid reports the chancellor, Rachel Reeves, intended to raise capital gains tax and reclassify debt to allow more spending on public services.

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