Opening a hotel in America and buying 14 pubs across London and the southeast pushed cult craft beer maker BrewDog to a loss for the first time last year.
The Aberdeen-based brewer, which has boomed as craft beer becomes ever more popular, made a £576,000 pre-tax loss in 2018, compared with a £1.4m profit in 2017, despite sales growing by 55% to £171.6m. Many fast-growing companies lose money as they scale up.
The disclosure came in the prospectus for its sixth crowdfunding round, which it dubs “equity for punks”.
