BrewDog recently held its ninth annual general meeting in Aberdeen, Scotland and from all accounts it was a total blast. Dubbed the ‘Annual General Mayhem,’ this year’s gathering drew over 8,000 of its Equity Punk investors from around the world, who descended on the Aberdeen Exhibition and Conference Centre for a celebration of beer, food and music!
As usual BrewDog’s cofounders James Watt and Martin Dickie were Punk AGM’s ringmasters. And their fans roared with enthusiasm as they took to the stage to deliver 2017’s financial reports and unveil a series of exciting new developments.
Here’s more of 2017’s highlights and what’s underway in 2018…
Bottom line, BrewDog had a banner 2017…Sales were up a spectacular 78% and overall revenue up 55% over 2016.
The brewery’s flagship beer Punk IPA has been the best-selling craft beer in the UK off-trade for the last three years, and currently, five of the top 10 best-selling craft beers in the UK off trade are BrewDog beers.
Equity For Punks V
BrewDog’s amazing growth has been powered by its record-breaking Equity for Punks crowdfunding efforts, which has seen the brewery raise over £55million since 2009.
Last October, the brewery launched its fifth round of Equity for Punks, looking to raise a target £10million to further its global expansion. The current crowdfunding campaign has already raised over £14 million from more than 31,000 investors.
BrewDog’s Bar Empire
In addition to just recently having acquired Draft House an enormously successful independent craft beer bar chain that operates 14 venue’s across London and in England’s southeast, BrewDog who already operate 50 of its branded bars around the world including 12 in London announced several new locations expected to open in 2018 including…
- Inverurie, Aberdeenshire
- Peterhead, Aberdeenshire
- St. Andrews
- Glasgow (the site will feature ten pilot homebrewing kits where visitors can try their hands at brewing beer)
- Edinburgh Airport
- Brixton, London
- Essex Road, London
- Tower Hill, London (opening in late April)
- Rest of the world
- Franklinton, Columbus, Ohio. USA
- Short North, Columbus, Ohio. USA
- Seoul, South Korea
- Paris, France
- Barcelona Airport, Spain
- Norrkoping, Sweden
- Reykjavik, Iceland
James and Martin were especially enthusiastic as they updated the beer-fueled attendees on the continued success of BrewDog USA, based in Columbus, Ohio.
BrewDog’s US operations will be opening two bars in Columbus over the next four weeks, and we’ve reported much-anticipated craft beer hotel, The DogHouse, and its adjoining souring facility is scheduled to open later this year.
Watt also used this year’s AGM gathering to announce that BrewDog’s American distribution has grown to six states, including Ohio, Indiana, Illinois, New York, New Jersey and Kentucky.
All image credits: BrewDog