The self-styled punk beer company recently backed down after its lawyers threatened action against the owners of a pub called The Lone Wolf ANDREW MATTHEWS/PAThe UK’s best known craft beer company has sold out to the capitalists it once despised, according to a leading academic. Scott Taylor, of the department of entrepreneurship and local economy at the University of Birmingham, said that Brewdog had come to embody the system it set out to challenge. On Monday the Ellon-based brewer announced that TSG Consumer Partners, an American private equity firm, had acquired a 22 per cent stake in its £1 billion business. The self-styled punk beer company recently backed down after its lawyers threatened action against the owners of a pub called The Lone Wolf, the name of a Brewdog product. How an upstart brewing company sold up and sold out.” He…

Source: The Times April 14, 2017 23:02 UTC