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Brewdog Shares
Comments
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That gives an interesting insight into Brewdog's corporate culture.
So does this:
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i have seen the documentary. This is mainly about one of the founders and his behaviour. I think it also mentions the customs issue.
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Don't you think that the behaviour and values of the founder & CEO impact on the culture and values of a company?
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Apropos of nothing but this amuses me, 5 1/2 years later, there are numerous small/indy craft breweries and plenty of craft beers on sale even in the likes of Spoons, along with tap rooms and canned beers in the supermarket. Clear it's not going away though investment directly in the brewery is far more of an appeal, especially with beer being given in return, rather than shares and Brewdog's approach
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Surely 'scraping the cask' would be more appropriate?
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In fact for Brewdog/craft beer, 'scraping the pressurised keg' would be more accurate.
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Yes but we are speaking in the context of Brewdog operating within the law, and it being unethical. Which had been suggested. Thus far I have seen nothing to suggest the company was overly unethical or illegal. The behaviour is on par with other companies, many of which are actually successful.
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Probably depends on what one considers to be unethical. Going back a few years, they specialised in twisting the truth or even outright lying in order to gain publicity - including entering into contracts which they never intended to fulfill, failing to pay what was due under said contract by the deadline and continuing not to pay in spite of repeated reminders and a final warning, then claiming in the press that the contract was cancelled without notice by the other party. Not pleasant, and unfortunately one other now sizeable “craft” brewery has since followed a very similar path.
I’m also not a massive fan of the model of getting the gullible to fund your business ventures - but I appreciate that is a modern business model which is probably here to stay for a while at least. I’ve always felt that a business should either be funded by the person who will if successful take the gains, OR if funded by a crowdfunding type method at the least the profits/success should also be shared with those who have put money in. In the Brewdog case - IIRC the amount raised by the “Equity for punks” scheme was broadly the same as the amount gained by the founders when they stepped away from the business.
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her4 -
It is illegal to make more than 100 members of staff redundant without having a 45 day consultancy period before any dismissals take place. It is also illegal to fail to pay staff wages on an agreed pay day. It is unethical to broker a £33m deal and then leave the taxpayer to pick up the bill for unpaid wages through the insolvency service, and it is unethical to exploit grey areas of law to abrogate your legal obligations.
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do you have a reference for these claims? I am not saying it didn’t happen, it’s just I haven’t heard anything about it.
Yes I think a lot of us investors were gullible. One wonders how it’s possible to sell a share worth practically nothing.
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