Historic Anchor Brewing Company in San Francisco ceasing operations; Will file for bankruptcy

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

A landmark company in San Francisco has turned off its taps.

Anchor Brewing Company officials announced early Wednesday that it will cease operations and liquidate the business -- established in 1896 -- citing economic factors including declining sales since 2016.

"This was an extremely difficult decision that Anchor reached only after many months of careful evaluation," Singer said in the announcement."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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 443. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.'
Source: abc7newsbayarea - 🏆 529. / 51 Read more »