Breweries and Distilleries

Jun- 2022 -

1 June

Fuller’s completes £200m refinancing

Fuller’s has announced that it has successfully completed the refinancing of its group debt facilities of £192m, which were due to mature in February next year. The new debt facilities consist of a £90m term loan and a £110m Revolving Credit Facility provided by a group of seven banks. The…

1 June

Brewdog losses narrow as revenues hit £286m

Brewdog has reported its revenues surged 21% year-on-year from £238m to £286m in the year ended 31 December 2021, amid growing UK sales and market share growth despite pandemic restrictions being in place for much of the year. Operating losses for the Scottish brewer and bar operator also narrowed to…

May- 2022 -

13 May

Adnams sales hit £57.4m in FY21

Adnams, the brewer, distiller and retailer, has revealed that sales rose by £7m to £57.4m in the 12 months to 31 December 2021, despite an operating loss of £0.9m over the period. Despite more “stringent” restrictions in the early months of the year, trading months operated ahead of expectations, with…

Dec- 2021 -

8 December

Carlsberg to close London Fields Brewery

Carlsberg Marston’s Brewing Company has revealed that it has closed London Fields Brewery just four years after purchasing it. The group had bought the brewery in 2017 in a joint venture with Brooklyn Brewery. A statement published on the company website, stated: “It is with regret that we have taken…

Jul- 2021 -

30 July

Shepherd Neame performs ahead of expectations since reopening

Shepherd Neame, the British brewer and pub owner, claimed it has performed “ahead of our expectations” in terms of cash and profits since it last reported on 21 April 2021. The group saw total retail sales reach 84% of 2019’s pre-pandemic levels for the 11 weeks from 12 April to…

26 July

Heineken launches Greener Bar concept

Heineken has launched its inaugural sustainable bar concept, the Heineken Greener Bar, in partnership with the ABB FIA Formula E World Championship. The new form of bar is designed to reduce waste, water, emissions, and energy usage within the events industry. Per event, the Greener Bar saves up to 6,539…

22 July

BrewDog swings to £13m loss in FY20 results

BrewDog has reported a £13.3m loss for the year ended 31 December 2020, down from 2019’s £1.05m full year profits. The brewery and pub chain did see gross revenues rise 10.6% year-on-year to £238m during FY20. However, rising duty, operating expenses and finance costs caused the group to swing to…

20 July

Young’s post-lockdown sales trump pre-pandemic levels

Young and Co’s Brewery has announced that total sales increased 95% for the 13-week period to 12 July 2021, when compared to the same period in 2019. Speaking at the group’s annual general meeting (AGM), Stephen Goodyear, chairman at the company, claimed that Young’s has been trading “ahead of expectations”…

Jun- 2021 -

11 June

Brewdog CEO responds to ‘culture of fear’ allegations

James Watt, co-founder of Brewdog, has responded to major workplace criticisms against the firm, promising to learn from the “culture of fear” allegations. In an open letter, 60 ex-staff members of the Scottish brewer and pub chain stated that a number of former employees had “suffered mental illness as a…

May- 2021 -

14 May

Guinness launches major campaign to encourage return to pubs

Guinness has launched a major advertising campaign ahead of the reopening of indoor hospitality to convince the public to return to pubs. The move coincides with the company’s £30m support pledge to the UK’s pub and hospitality sector. In the ad, the song ‘Always On My Mind’ features prominently to…