BrewDog Records Pre-Tax Loss For Last Year
Scottish craft beer brewer BrewDog has recorded a pre-tax loss of a £13.1 million (€15.2 million) for last year.
As reported by The Irish Examiner, the pre-tax loss came despite the company recording revenues of £238 million for the year, which was 10% higher than in 2019.
Co-founder of BrewDog, which was founded in 2007, James Watt said that the revenue increase during the year was "the most significant achievement in [the brewer's] short history".
BrewDog's e-commerce revenues reportedly rose by 900% compared with 2019, as it shipped 750,000 orders in 12 months.
BrewDog reportedly said that its online shop was "one of the most important divisions of [its] entire global operation" during 2020, and the brewer has further rolled out its e-commerce platform to mainland Europe, the US and Australia.
BrewDog, which employs 1,600 people around the world, reportedly said that the pandemic has not dented plans to open more venues.
It is reportedly working on 30 new locations, including bars and hotels, in cities such as Manchester, Mumbai and Milan.
BrewDog currently has one pub in Dublin.
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