Key facts
- James Taylor has resigned as chief executive of Brewdog.
- Taylor took up the chief executive role at the beginning of last year.
- Brewdog was acquired by US investment firm Tilray Brands.
- Tilray Brands has provided up to £50 million in cash to Brewdog.
- Brewdog founder James Watt has stated his intention to buy back the company.
James Taylor, the chief executive of Brewdog, has resigned from his position after serving for just over a year. His departure follows the company's takeover by US investment firm Tilray Brands. Taylor had previously served as chief financial officer at Brewdog before transitioning to the chief executive role at the beginning of last year.
Tilray Brands has reportedly injected as much as £50 million in cash to support Brewdog, with the funds earmarked for supply chain improvements and maintenance of the company's pub estate. Irwin Simon, chief executive of Tilray, stated that while the business is in a better position, there is still significant work to be done.
Brewdog founder James Watt has publicly expressed his ambition to buy back the craft beer company he co-founded. Watt, who stepped away from Brewdog years ago, indicated he would use his 'Second Best' project to facilitate a potential repurchase, aiming to win back early investors who saw no returns from the sale.