Georgia Toffolo leads Cheltenham glam in red Chanel suit after husband James Watts' Brewdog was sold off for just £33million - with the loss of almost 500 jobs

Georgia Toffolo led the Cheltenham glam in a red mini Chanel suit and brown accessories on Tuesday as she shared her look on Instagram. 

The former Made In Chelsea star looked fashion forward wearing her brightly coloured two-piece which she wore over a brown top by Intimissimi and with matching Calzedonia tights. 

She wore an oversized furry hat by Jonny Beardsall Millinery and carried a black patent bag in hand which had a series of bag charms from Vinted attached and belonged to her husband James Watts' late granny.

She completed her look with a pair of brown suede heeled pumps from Massimo Dutti  

No doubt the outing will come as a bit of light relief for Georgia. 

Her BrewDog co-founder husband has said he is 'heartbroken' after his firm was sold off for just £33million this month - with the loss of almost 500 jobs.

The Scottish brewery, which was speculatively valued at £2billion just a few years ago, was sold to US cannabis and drinks firm Tilray for a fraction of that earlier this week.

Not commenting on the situation, Georgia shared the details of her look. 

She wrote: 'Day one Cheltenham outfit reveal!!!♥️Finally my favourite week of the year has arrived.

'I’m slightly embarrassed to say I bought this suit in New York in September of last year and I’ve waited all these months to unveil her. 

'I’ve gone for red, which may be completely mad and slightly controversial for Cheltenham, but I for one totally love it. You certainly won’t miss me on the course. Think of it as my way of saying hello.'

She continued: 'I’m thrilled that Cheltenham is back. I’ve been up since dawn when the birds started singing. I’m so excited, get me on the course! Absolutely nothing beats that first day feeling.

'Now be honest, I promise I won’t be offended… Is red for Cheltenham completely criminal… or do we love it?

'Eager to hear your thoughts. Let the fun begin!!'

James was not pictured with Georgia and while he has attended Cheltenham with his wife, he has previously said it's not his thing. 

A total of 38 UK Brewdog bars were closed on Monday, when CEO James Taylor told 484 staff in an all-hands conference call that they were no longer employed.

Shares owned by the 220,000 'equity punks' who invested some £75million in the company over seven funding rounds are now practically worthless.

In a post shared across several social media channels, self-espousing 'punk' and multimillionaire Mr Watt expressed contrition over the company's downfall. However, it failed to impress some observers.

Describing the last week as 'incredibly hard', he wrote: 'I am heartbroken for all of the hard working and passionate team members who have lost their jobs.

'I am heartbroken for all of our brilliant equity punks who did not get the return on their investment they wanted.

'And heartbroken to have dedicated the best 20 years of my life to something that ultimately did not have the ending we all wished for.'