MIDAS TOUCH

‘Mr. Brexit’ Donald Trump’s Scotland Golf Resorts Crushed—by Brexit

He encouraged Brits to take their “country back”—and now the former U.S. president’s own businesses are getting hammered.

Three months before he won the 2016 U.S. presidential election, Donald Trump gave himself a new nickname: Mr. Brexit. After the nation voted to break away from the rest of Europe, Trump appeared at Turnberry, his golf course in Scotland, and commended the Brits who “took back their country.” He later said Brexit was “a great advantage for [the] UK.” But, in true Trumpian fashion, Brexit wasn’t great for Trump personally. According to a financial disclosure filed with Scottish authorities and signed by Eric Trump, Brexit “impacted our business as supply chains have been impacted by availability of drivers and staff, reducing deliveries and availability of certain product lines.”

Turnberry has since seen higher prices, which have “increased from additional freight and import duty charges,” the filing states. “Staff availability has been a challenge from a combination of wage inflation with retail and logistics sectors increasing wages to attract staff due to increased business levels,” it says. And, it explains, “[T]he staffing pool has been reduced with lack of access to European staff for businesses in general resulting in greater demand for individuals previously available to the resort.”