The San Francisco-based Anchor Brewing Co. announced Wednesday it’s ceasing operations and liquidating the beloved business “following a combination of challenging economic factors and declining sales since 2016.”
New York — Pour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business.
People are also reading… “This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” said Anchor Brewing spokesperson Sam Singer. He added that 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.”
Anchor said that those decisions were made to “reduce costs while final attempts were made to evaluate all possible outcomes,” however, “in the end, expenses simply continued to outstrip revenues, leaving the company with no other viable choice.”
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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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