San Francisco’s 127-year-old Anchor Brewing Co. will shut down and liquidate after years of declining sales, citing tough economic conditions.
Anchor was trailblazer in the U.S., brewing craft beers in the 1970s when most Americans were loyal to a handful of major brands. Its unique brewing techniques ignited demand beyond the city borders of San Francisco and it quickly became a sought-after prize by beer geeks everywhere.
“We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations,” said brewery spokesperson Sam Singer in a written statement Wednesday.
Jeff Alworth, author of The Beer Bible, said in a blog post Wednesday that Maytag “sparked a revival in small-scale brewing” that would transform the industry and give the emerging craft brewing industry its ethos and attitude. Anchor said that it made repeated efforts over the past year to find buyers for the brewery and its brands, but that it was unable to find one. The company said that it is still possible that a buyer will come forward as part of the liquidation process.
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Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years in San Francisco'We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.'
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Barring a Beer Miracle, San Francisco’s Legendary Anchor Brewing Is Closing After 127 YearsAnchor Brewing, a true San Francisco institution of more than 127 years, is shutting down operations. (via EaterSF)
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San Francisco Loses Iconic Anchor Brewing After 127 YearsSan Francisco’s Anchor Brewing, the oldest craft brewery in the United States, is closing after 127 years due to persistent losses that have been driven by inflation, coronavirus lockdowns, and changing consumer behavior.
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Pioneering Anchor Brewing Co. to halt operations after 127 years with beer sales in declineSan Francisco’s 127-year-old Anchor Brewing Co. will shut down after years of declining sales, citing tough economic conditions.
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SF's Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years'We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.'
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Anchor Brewing halting operations after 127 yearsAnchor has been a trailblazer in the U.S., brewing craft beers when most Americans were loyal to one of the few major breweries.
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