HSBC to lose £17m in Brewdog collapse

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Brewdog was sold for just £30m to US cannabis firm Tilray HSBC is set to lose out on more than £17m as part of the administration of Brewdog, the craft beer firm which was sold to a US cannabis group ...

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It will recoup only £14.5m of this debt, the administrators said.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIts Equipment Finance and Invoice Finance arms were also owed £12.3m and £16.2m respectively. HSBC Equipment Finance will get back £11.8m of this debt, and Invoice Finance will be returned all of its debt, AlixPartners said. \n\nEx-staff lose out on wages and Chancellor misses tax haulBrewdog’s administration also means that its former staff are set to lose out on £489,000 in unpaid wages and holiday pay, the documents have revealed.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}