BrewDog co-founder James Watt’s bid to buy back the business looks to have hit the buffers as the owner says it is not for sale.
Irwin Simon, chief executive of US company Tilray Brands, which bought the brewer and some pubs in March, said BrewDog would remain part of the group.
His comments to CityAM come after Mr Watt announced that he had formally submitted an offer through his new venture, Second Best.
Mr Watt set up BrewDog in Ellon, Aberdeenshire with school friend Martin Dickie in 2007, and it grew into a £1 billion-plus multinational before collapsing into adminisration early this year and being sold to Tilray for just £33 million.
The company has since invested £50m into the business and launched a range of US craft beers into its pubs, some of which have reopened.
Mr Simon told City AM that BrewDog is “not for sale” and remains “an integral part of Tilray”.
Mr Watt said that if his offer failed he would pursue Second Best as a standalone business. He launched Second Best with an invitation to thousands of BrewDog’s former “punk” shareholders to join him. They were left empty-handed in the company’s failure.
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