A prominent pub chain is set to close 38 establishments nationwide, resulting in 484 job losses. BrewDog will be shutting down these 38 sites after they were not part of a £33 million rescue deal offered by US company Tilray, as confirmed by administrators for the Scottish brewery. The closures will lead to the displacement of 484 employees.

The Aberdeenshire-headquartered brewery and pub group, known for producing craft beers like Punk IPA and Elvis Juice, temporarily ceased operations on Monday to finalize the sales process. In February, consultants AlixPartners were brought in to manage the sale. BrewDog’s CEO, James Taylor, communicated with staff via email on Monday, acknowledging the challenging circumstances and ensuring direct communication regarding the next steps.

Taylor’s email stated, “We understand that this is a turbulent period for everyone, and we want to ensure that all team members receive information directly from us about the future steps. Therefore, we will be hosting company-wide All Hands calls tomorrow (Monday) for all employees across the organization. These calls will be scheduled for tomorrow.”

“To facilitate everyone’s participation and adhere to licensing regulations related to an anticipated change in ownership, we have decided to keep all our bars closed tomorrow (Monday). All locations will remain shut for the day.”

“We have also called off food and beverage deliveries, as well as customer reservations, for that day.”

Established in 2007 by friends James Watt and Martin Dickie, BrewDog currently operates approximately 100 bars globally and owns four breweries. The company refrained from commenting on Monday.