Brewdog, the Scottish craft beer giant, is reportedly up for sale after the company brought in financial experts to explore options, according to BBC Business. Simultaneously, Sultan Ahmed bin Sulayem, the head of global ports operator DP World, resigned due to mounting pressure over his links to convicted sex offender Jeffrey Epstein, as reported by BBC News. In other news, Cuba postponed its annual cigar fair due to fuel shortages, Euronews announced. These events come as the Polish Prime Minister, Donald Tusk, delivered a speech at the Munich Security Conference, and a documentary by Al Jazeera investigates the flow of weapons from the Balkans.
Brewdog, founded in 2007 by James Watt and Martin Dickie, has breweries and pubs worldwide, including approximately 60 in the UK, BBC Business reported. The company stated that the decision to explore a sale was made after "operating in a challenging economic climate" to focus on the "long-term strength and sustainability" of the company. Consultants AlixPartners have been brought in to oversee the sales process, which could lead to the business being broken up.
DP World's former chairman and chief executive, Sultan Ahmed bin Sulayem, stepped down "effective immediately" after files revealed he exchanged hundreds of emails with Jeffrey Epstein over a decade, according to BBC News. The BBC approached Sulayem for comment, but none was provided. Essa Kazim was named chairman, and Yuvraj Narayan became chief executive.
Cuba's annual cigar fair was postponed due to fuel shortages caused by the US oil embargo, Euronews reported. Habanos S.A., the fair's organizer and the global monopoly on Cuban cigar sales, cited a need to maintain quality standards. The 26th edition of the event has no new date set.
At the Munich Security Conference, Polish Prime Minister Donald Tusk addressed the audience, stating, "Those who think that everything can be bought should also remember that, according to this philosophy, everyone can be sold," Euronews reported. Tusk's address was on the occasion of the award of the Ewald von Kleist Prize to the Ukrainian people.
Al Jazeera's documentary, "From the Balkans with Guns," investigates the flow of weapons from the Balkans, which are fueling violence on the streets of Sweden. The documentary traces weapons from factory floors and black-market traders to crime scenes.
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