Anchor Brewing Company officials announced early Wednesday that it will cease operations and liquidate the business -- established in the 19th century -- 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.
The announcement reports that Anchor has stopped brewing and will continue packaging and distributing the beer on hand while available or through around the end of July. Anchor Public Taps will remain open temporarily, selling remaining inventory, including a small volume of 2023 Anchor Christmas Ale, which was brewed prior to the company's recent decision to cancel the nationwide release.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Source: KPIXtv - 🏆 443. / 53 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »