BrewDog founder James Watt has issued an apology to employees and investors following significant job losses that accompanied the sale of the craft brewery and pub chain company.

Watt acknowledged making "many mistakes" in his handling of the business as hundreds of workers lost their positions during the transaction. The admission comes as the company that once positioned itself as a disruptive force in the brewing industry undergoes major restructuring.

The sale has had severe financial consequences for early investors in BrewDog, with many seeing their stakes completely wiped out. These investors, who supported the company during its growth phase, are now sharing accounts of their losses following what they describe as the company's collapse.

The job cuts affect employees across BrewDog's operations, which include both brewing facilities and the company's chain of pub locations. The extent of the workforce reduction represents a significant downsizing for the business that had expanded rapidly in recent years.

BrewDog, founded in 2007, had built a reputation as an independent craft brewery that challenged traditional beer industry practices. The company had raised funds through various investment rounds, including crowdfunding campaigns that attracted individual investors who believed in the company's mission and growth potential.