Scottish Brewery Innis & Gunn to Shut All Sites, Cutting 100 Jobs Despite Rescue Deal
Scottish brewery Innis & Gunn has announced the closure of all its locations, leading to the loss of 100 jobs, even after being saved from administration by a multi-million pound deal. The shutdown includes three taprooms in Glasgow and Edinburgh, as well as the brewery in Perth.
Administrators Cite Sector Challenges and Economic Pressures
A statement from the administrators highlighted the difficulties faced by the business. "The Group, like many across the sector, has faced a number of challenges in recent months," it read. "A combination of factors including a decline in consumer spending and rising cost pressures has meant the business could no longer continue to trade."
The administrators expressed deep regret over the redundancies, noting that only a small number of employees will be retained to assist with the orderly closure of the brewery and taprooms. They thanked all employees for their hard work and pledged support for those affected during this difficult time.
Rescue by C&C Group Amidst Closure Announcement
Despite the closures, the business was rescued in a multi-million pound deal by C&C Group, an Irish drinks company. Roger White, CEO of C&C Group, commented on the acquisition, stating, "We have worked with Innis & Gunn for many years and whilst it's under difficult circumstances, we are delighted to bring the brand fully into our portfolio."
This move aims to preserve the brand's legacy, even as its physical operations cease. The closure reflects broader challenges in the brewing industry, where economic pressures and shifting consumer habits have impacted many businesses.
Impact on Employees and Local Communities
The job cuts will affect most of the brewery's workforce, with only a minimal team remaining to manage the shutdown process. The closure of the taprooms in Glasgow and Edinburgh, along with the Perth brewery, is expected to have a significant impact on local communities and the hospitality sector.
Industry analysts note that such closures are becoming more common as businesses grapple with rising costs and reduced spending. The situation underscores the need for resilience and adaptation in today's economic climate.
