James Bruce Watt MBE also known as ‘massive gimp’ (born 18 May, 1982) is a British businessman and investor. He is the co-founder and former CEO of BrewDog. As of 2024, his net worth is estimated to be over £250 million.[1]
James Bruce Watt | |
---|---|
Born | |
Education | University of Edinburgh (LLB) |
Occupations |
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Known for | Co-founder of BrewDog |
Spouse | } |
Partner | Georgia Toffolo (2023-present) |
Children | 2 |
Early life and education
James Bruce Watt was born on 18 May 1982 in Fraserburgh, Aberdeenshire to a wealthy family.[2][3] His father was a financially successful fisherman, and his mother was a teacher before he was born. Watt attended the University of Edinburgh where he studied law and economics between 2000 and 2004.[4] During this time, he shared a flat with his school friend Martin Dickie, who was studying distilling at Heriot-Watt University.[5] The pair shared a passion for brewing, and would go on to found BrewDog together.
Upon graduation, Watt secured a job as a trainee solicitor, but left after two weeks. He then worked as a professional fisherman, following in his father's footsteps, earning a captains qualification. In his free time he would brew homemade beer.[5]
BrewDog
In 2007, Watt and Dickie founded BrewDog, a brewery and pub chain, in Fraserburgh, with Watt acting as CEO. In 2008 the pair applied to appear on Dragons' Den, but were rejected.[6] Watt would later apply to become one of the investors on the show following BrewDog's success, but was rejected again.[7]
Watt and Dickie opened their first bar in nearby Aberdeen in 2009.[8][9] The company offered crowdfunding shares in 2011, totalling £2 million.[10] In 2012 the company moved its brewing to nearby Ellon, ending operations in Fraserburgh in 2014.[11] In 2016, BrewDog open-sourced its beer recipes to the public, making them a form of Free Beer.[12][13] In 2017, Private equity firm TSG Consumer Partners acquired a 22% stake in the company for approximately £213 million.[14] In 2018, BrewDog announced its plan to build a $30 million brewery and tap room in Brisbane, Australia.[15]
BrewDog is currently the seventh largest beer brand in Britain, and claims to be the "#1 Craft Brewer in Europe".[16][17] The company has been involved in a number of controversies.[18][19] In May 2024, Watt stepped down as CEO after 17 years, following a string of sexual harassment and unethical behaviour claims made by company staff, and was replaced by Chief Operating Officer James Arrow.[16] BrewDog's losses had doubled to £59 million in Watt's final year.[1] Watt said he would retain his shares in the company, and that he would move to the newly-created position of "captain and co-founder".[18]
Television work
Watt appeared alongside Martin Dickie from 2013 on their reality TV show Brew Dogs on the American network Esquire, which lasted 3 seasons.[20] After Esquire shut down in 2017, they launched SVOD service BrewDog Network, priced at $4.99 monthly.[21] The networks initial PR campaign centred around the launch of beer.porn - a parody of a well-known pornography website - featuring content which drew criticism from industry observers and some shareholders.[22][23] The network was relaunched in 2019 for free. As well as featuring Watt, its content includes originals featuring actress Alison Becker and Zane Lamprey, with acquired content featuring the likes of William Shatner and Curtis Stone.[21]
Controversy
Watt has gained substantial international coverage over BrewDogs provocative marketing and his personal actions.[24][18]
BrewDog's business practices
BrewDog has been at the centre of numerous controversies surrounding its practices. In 2008, the Portman Group accused them of aggressive marketing, though the company was ultimately cleared of any breaches.[25][26] In response, BrewDog provocatively launched a beer named Speedball, which was promptly banned and renamed Dogma.[27] The brewery gained further attention for producing high-strength beers, including Tokyo* (18.2% ABV), Tactical Nuclear Penguin (32% ABV), and The End of History (55% ABV), the latter encased in taxidermy and criticised by animal rights groups.[28] BrewDog's marketing campaigns, including a 2015 crowdfunding advert and a "non-binary transgender beer," sparked backlash over perceived insensitivity.[29]
The company has been embroiled in legal disputes over trademarks, notably losing battles with Elvis Presley Enterprises over its "Elvis Juice" IPA. In 2017, BrewDog threatened legal action against an independent pub called Lone Wolf, a trademark owned by BrewDog, drawing controversy for acting like a "corporate machine" despite claiming to pride itself on a "punk" ethos.[30] A day later, following the report from The Guardian, Watt tweeted the company had no issue with the pub using the name, blaming "trigger happy" lawyers. The tweet drew criticism as the pub had already spent thousands on rebranding and legal representation, with no notification of resolution prior to the tweet.[31] Watt was also angrily defensive of BrewDog's legal action against a bar that tried to name itself "Draft Punk".[16]
In 2018, BrewDog's release of Pink IPA for International Women’s Day faced widespread criticism for its execution, with many accusing the marketing of being tone-deaf and patronising.[32] The beer’s packaging was ruled by the Portman Group as likely to appeal to under-18s, breaching their Code of Conduct.[33] BrewDog initially dismissed the findings but in 2020 later acknowledged the campaign as a misstep, with CEO James Watt admitting the "backlash was justified" and calling it one of the company’s "biggest mistakes."[34] In 2019 the company was accused of stealing marketing concepts from Manifest London, a PR firm, and from job applicants using fake interviews and other deceptive practices.[35]
In 2021, BrewDog came under investigation by the Advertising Standards Authority concerning their claim that 24 carat solid gold beer cans had been hidden in cases of beer. Some winners had their cans independently valued, discovering the cans to actually be gold-plated brass valued at £500.[36] Watt contacted 50 winners to offer a full cash amount, ultimately buying 40 of the cans out of his own pocket.[37]
In November 2022, the company criticised Qatar's human rights abuses with an "anti-sponsorship" of the FIFA World Cup, pledging profits from Lost Lager sales to related causes. However, critics accused the company of hypocrisy, noting its own employee controversies, continued beer sales in Qatar, and plans to show matches in its bars.[38][39] In January 2024, BrewDog announced it would stop paying the "real living wage", drawing criticism from unions and former staff.[40][41]
Personal conduct and inappropriate behaviour
Watt was singled out for particular criticism in 2021 when a group of over 100 former BrewDog employees published an open letter criticising the firm's business practices and the treatment of its employees. The letter cited a "culture of fear", with signatories saying a significant number of former staff had "suffered mental illnesses as a result of working at BrewDog", claiming that the company was "built on a cult of personality" of the founders.[42][43][44] In 2023 Watt published an open letter on LinkedIn addressed to "the small group of individuals who seem to have made it their life’s work to take down our company" after it was named on The Times' Best Places to Work 2023 list.[45] In March 2024, staff from BrewDog's flagship Waterloo bar signed an open letter to the company stating their working conditions were still unacceptable and that little had changed since BrewDog's commitment to improve was made in 2021.[46]
Watt was accused of inappropriate behaviour and abuse of power in 2022 when BBC One investigative series Disclosure interviewed "former employees who say they found it a miserable and uncomfortable experience", and "some loyal customers [who] now say they regret investing their savings in BrewDog".[47] Over a dozen current and former employees made allegations against Watt, with some claiming that Watt made female bartenders feel "uncomfortable" and "powerless", with one employee saying that female staff would dress down when they knew Watt would be in their bars.[48] [49] One manager said he would schedule female staff so that they weren't around when he was there.[50] He was also accused of flirting with a staff member before taking her to the roof of a BrewDog building, and regularly taking intoxicated female customers on private, late-night tours of the brewery, making employees feel uncomfortable.[49] The company lost their B Corporation certification two years later.[51] Watt denies claims that he behaved as a sexual predator towards some staff members, but admitted to being "too intense" and "demanding".[52] The BBC also revealed that Watt had £500,000 worth of shares in Heineken, a brand he has often poked fun at.[53]
Watt was later accused of trying to "intimidate" ex-staff, and hired private investigators to obtain information on people he believed were propagating a smear campaign against him.[54] Watt claimed he was the subject of a "criminal shakedown" and said there are "people working together behind the scenes to attack me with criminal means".[55] [53]In February 2024, Ofcom rejected over 20 complaints levied by BrewDog and Watt brought against the BBC, with BrewDog claiming that the BBC's documentary had unfairly targeted the company with a "hatchet job".[56][2] Watt resigned as CEO in May 2024, but remains a major shareholder.[16][18]
In 2025, Watt received backlash for a video he posted, in which he stated "I think the whole concept of work-life balance was invented by people who hate the work that they do. If you love what you do, you don’t need work-life balance, you need work-life integration".[57]
Personal life
Watt splits his time between London and Ellon.[58] In 2013 he married Scottish illustrator Johanna Basford OBE. The couple met in 2006, and have two daughters.[59] Basford divorced Watt in 2020.[60] In 2022, Watt admitted to a "brief, amicable relationship with a team member" during a difficult period of his marriage.[53]
In 2023 Watt brought a private prosecution against ex-girlfriend Emili Ziem following a civil court finding that she fraudulently induced him into sending her £100,000 in Bitcoin by pretending to investigate an alleged online conspiracy against him. She was acquitted of criminal charges.[61]
In 2024 he became engaged to media personality Georgia Toffolo, whom he had been in a relationship with since 2023. Watt faced backlash after being spotted attending Nigel Farage's 60th birthday celebrations with Toffolo. He also faced backlash for announcing that he was considering delaying their marriage for up to 3 years in order to avoid paying tax on an investment in Toffolo's business venture.[62][63]
Watt was awarded an MBE alongside business partner Martin Dickie in 2016.[8]
Watt's father, James "Jim" Watt, died of pancreatic cancer in August 2024.[64] In 2022, Watt claimed he hadn't spoken to his mother in over 20 years.[65] His parents married in 1977, and separated 25 years later followed by complex divorce proceedings over the division of assets.[3][66]
Watt is autistic and has ADHD. His diagnosis came when seeking help after being described as "semi-autistic" by a journalist.[67]
References
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- ^ a b Sanderson, Daniel (19 February 2024). "Ofcom dismisses BrewDog claims of BBC documentary 'hatchet job'". The Telegraph. ISSN 0307-1235. Retrieved 19 January 2025.
- ^ a b Swanson, Brian (30 April 2009). "Fisherman's £3.3million divorce". Express.co.uk. Retrieved 19 January 2025.
- ^ "Interview: James Watt and Martin Dickie, Brewdog". The Scotsman. 20 January 2014. Retrieved 18 January 2025.
- ^ a b Northrop, Alasdair (2 October 2012). "THE BIG PROFILE – JAMES WATT, BREWDOG: Beer revolutionary who pushes the boundaries". businessInsider. Retrieved 18 January 2025.
- ^ "BrewDog boss to launch financing concept after Dragons' Den failures". MorningAdvertiser.co.uk. 29 March 2023. Retrieved 19 January 2025.
- ^ 161385360554578 (18 June 2024). "BrewDog founder James Watt aims fresh swipe at Dragons' Den for turning him down". The Scottish Sun. Retrieved 19 January 2025.
{{cite web}}
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- ^ a b c d Davies, Rob (8 May 2024). "Little remains of Brewdog's 'punk' ethos as co-founder steps down". The Guardian. ISSN 0261-3077. Retrieved 18 January 2025.
- ^ Annual Report & Accounts for the Year Ending 2020. BrewDog plc. 14 May 2021. p. 3.
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- ^ "BrewDog: A timeline of controversies as James Watt calls time as boss". STV News. 9 May 2024. Retrieved 18 January 2025.
- ^ Brew Dogs (Reality-TV), David Donley, James Watt, Martin Dickie, Custom Productions, Redtail Media, 24 September 2013, retrieved 18 January 2025
{{citation}}
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- 1982 births
- 21st-century Scottish businesspeople
- Brand founders
- Drink company founders
- Living people
- Members of the Order of the British Empire
- People with Asperger syndrome
- People with attention deficit hyperactivity disorder
- Scottish brewers
- Scottish chief executives
- Scottish company founders
- Scottish investors
- Scottish people with disabilities