Latest news with #Scottish-founded
Daily Record
2 days ago
- Business
- Daily Record
All the remaining Scottish BrewDog bars after beer giant announces closures
The Scottish-founded beer firm will have 15 remaining pub locations across the country after its closure announcement this week. BrewDog is set to close down 10 UK bars soon. The move will see it shut the doors on two of its branches that are based in two Scottish cities. The decision has affected the craft beer firm's first ever pub, its Aberdeen flagship branch that is based on Gallowgate and has been open to beer lovers across the north-east since 2010. Meanwhile, BrewDog fans in Dundee will also be disheartened by the recent news, as the city centre's branch on Panmure Street will also be closing down. It means that the Scottish-founded firm's bar portfolio across Scotland will reduce from its current 18 to 16. There will now only be three of the brand's pubs in the Granite City. Edinburgh still boasts six locations, including two Doghouse sites, with two in Glasgow, and others dotted around the country. This includes a Dogtap bar attached to the brewery in Ellon, Aberdeenshire, where it all began for BrewDog. Scotland is not the only country affected by the closures, as eight other pubs across the UK based across England in locations including York, Shoreditch, and Oxford will also be closing down. We recently reported that BrewDog's wave of closures comes amidst a new "focused strategy" and "rationalisation" of its bar footprint, with the affected locations deemed "not commercially viable." According to CEO James Taylor, keeping open the affected locations would "put pressure on the wider business, making it harder to invest where we know we can grow." The company also advised that it has been affected by other factors putting pressure on the UK hospitality sector such as rising costs, increased regulation, and economic pressure. Despite reports suggesting that staff members at the affected locations said to have been given just "three days notice", a spokesperson has said it is going through "meaningful and appropriate consultation process" that will last a minimum of 14 days. However, the decision was blasted by Unite Hospitality on X, formerly Twitter, recently, with the union firm saying: "In what universe is THREE DAYS a morally (or legally) acceptable notice period for a proper redundancy consultation for the workers impacted?!" Founded in 2007, BrewDog began its journey in Ellon after founders James Watt and Martin Dickie began brewing tiny batches of their own craft beer that they sold at local markets. After its humble beginning in Aberdeenshire, the craft beer firm quickly went global in 2013 with the opening of its first ever international bar in Stockholm, Sweden, before heading to America in 2015. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. As of today, it is ranked as "the seventh-largest beer brand in Britain", with availability across 57 countries and its beers being sold in over 129 bars and widely distributed internationally. Famed for its non-traditional advertising methods, BrewDog generated interest through free media coverage through provocative campaigns, controversies and publicity stunts. Following its Scottish roots and the announcement of its closures, we have decided to list below all the remaining 15 BrewDog locations that will still be available for beer lovers across the country. Full list of remaining BrewDog branches across Scotland: Aberdeen Castlegate Aberdeen Kennels Aberdeen Union Square Edinburgh Airport Doghouse Edinburgh Bar and Terrace Edinburgh Cowgate Doghouse Edinburgh Hotel Edinburgh Lothian Road Edinburgh Waverley Dogtap Ellon Glasgow Kelvingrove Glasgow Merchant City Inverurie Perth St Andrews Stirling
Daily Record
3 days ago
- Business
- Daily Record
Full list of Brewdog locations closing in days as bars no longer 'commercially viable'
Two Scottish outlets are listed after the firm confirmed a new strategy focusing on its bar footprint. Brewdog has confirmed that it will be closing two of its bars across Scotland soon. It comes amidst a wave of 10 closures across the UK in total. The Scottish-founded pub and brewery chain revealed in a statement that its Aberdeen flagship branch based on Gallowgate, alongside its Dundee branch, have been affected by the move. A spokesperson for the beer firm, which was founded in Ellon, Aberdeenshire, said that it was a "difficult decision" and that it comes amidst a new strategy of its bar footprint, with the affected locations said to be "not commercially viable." It comes after we recently reported that the news of the closures was blasted by Unite Hospitality on X, with the union firm saying: "Brew Dog have announced that they are closing 10 flagship bars from Aberdeen to Camden, as soon as THIS FRIDAY! "In what universe is THREE DAYS a morally (or legally) acceptable notice period for a proper redundancy consultation for the workers impacted?!" The firm has said it is going "through a meaningful and appropriate consultation process" with affected staff members, with talks said to last a "minimum of 14 days" as it looks to redeploy them elsewhere. The full Brewdog spokesperson quote read: "We can confirm that following a review of our bars' business we have made the difficult decision to close 10 bars – which reflects a more focused strategy and a rationalisation of our bar footprint. Despite our best efforts, and the hard work of our teams, it has simply not been possible to make these bars commercially viable. "This decision is not simply a response to the challenging UK hospitality market, but a proactive decision to redefine the bar division's focus for long-term and profitable growth – accounting for ongoing industry challenges, including rising costs, increased regulation, and economic pressures." "We are working hard to minimise the impact on our people, and we expect to redeploy many affected team members across the BrewDog network. For those leaving the business, we're providing as much support as possible during this transition. We remain passionate and firmly committed to our bars, and optimistic about the future, as we still see significant long-term opportunity'. It comes after the beer chain's CEO James Taylor circulated a full note to all of its staff members confirming that it would be updating its business with "a more focused strategy" and "rationalisation" of its bar footprint. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. The restructure of its business is said to offer "renewed focus on innovation, quality, and a new brand identity" that will help it provide long-term, profitable growth. According to Taylor, keeping open the affected locations would "put pressure on the wider business, making it harder to invest where we know we can grow." The firm has said that its updated business plans takes into account continued challenges facing the UK hospitality industry, including rising costs, increased regulation, and economic pressure. As a response, it has made the move to shut down two Scots-based locations, including its first ever Aberdeen bar, alongside eight other UK Branches as "there is no realistic prospect of making these venues commercially viable." Brewdog is a Scottish -based brewery, distillery and pub chain that was founded in 2007 by James Watt and Martin Dickie. Now available in 57 countries, it is said to be the "seventh-largest beer brand in Britain." Full list of Brewdog branches closing down Aberdeen flagship (Gallowgate) Dundee Camden Brighton Leeds North Street Oxford Sheffield Shepherd's Bush Shoreditch York
Scotsman
02-07-2025
- Business
- Scotsman
Historic Scottish-founded TSB name could disappear after £2.65bn Santander swoop
'TSB is a truly special bank, run by a first-class team that delivers trusted service and support for customers, day in and day out.' Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The venerable TSB brand could vanish from UK high streets in the wake of Santander's £2.65 billion deal to buy the Scottish-founded lender, amid fears of further branch closures and job losses. Sabadell, the current Spanish owner of TSB, said last month it was considering a sale of the UK business amid efforts to stop itself being subject to a hostile takeover. Santander, also Spanish owned, confirmed that it 'intends to integrate TSB in the Santander Group' as part of the deal, which needs to be agreed at a shareholder vote. Advertisement Hide Ad Advertisement Hide Ad The move would create the UK's third largest bank by the number of personal current accounts. When combined, the two banks would serve nearly 28 million retail and business customers nationwide. TSB currently operates about 175 branches across the UK and employs more than 5,000 people. TSB operates about 175 branches across the UK and employs more than 5,000 people, while rival Santander runs 349 branches and has around 18,000 staff. Like all major lenders, both banking groups have cut their number of sites in recent years as many customers have shifted to online banking and using apps. The takeover deal will raise fears of further job cuts and branch closures across the combined group. TSB, formerly the Trustee Savings Bank, was founded by the Reverend Henry Duncan in Dumfriesshire in 1810. It retains a Scottish headquarters in the centre of Edinburgh. Advertisement Hide Ad Advertisement Hide Ad In a presentation to analysts, Santander said it plans a 'rationalisation' of the overall branch network and structure, with aims to look at 'overlaps' involving properties. It comes a decade after Sabadell bought TSB for £1.7bn to gain a foothold in the UK, a year after Lloyds Banking Group had spun off TSB in a stock market float. In May, TSB saw first-quarter profits nearly double thanks to cost-cutting and improved mortgage lending ahead of April's stamp duty deadline. Marc Armengol, TSB chief executive, said: 'TSB is a truly special bank, run by a first-class team that delivers trusted service and support for customers, day in and day out. Today's announcement represents the next exciting chapter for this successful business, as part of Santander, a highly regarded banking group. Advertisement Hide Ad Advertisement Hide Ad 'I believe this will prove to be an excellent fit for our loyal customers,' he added. Ana Botin, Banco Santander's executive chairwoman, said: 'The acquisition of TSB represents a continuing strategic commitment to our customers in the UK, offering a compelling opportunity that is financially attractive to our shareholders and aligned with Santander's long-term objectives. It strengthens our franchise in a core market through the acquisition of a low-risk and complementary business that adds to our diversification.' Santander said the transaction is expected to generate 'cost synergies' - or savings - of 13 per cent of the combined business's cost base, equivalent to at least £400 million pre-tax, with the majority realised by 2027. Santander expects to incur £520m of pre-tax restructuring costs during 2026 and 2027.
