News Formal

Chobani buys Anchor Brewing Company

  • 📰 KTVU
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Us News

Ca,San Francisco,News

Anchor Brewing Company has been acquired by the family office of Chobani, the company announced on Friday.

Chobani CEO and founder Hamdi Ulukaya did not disclose how much money the purchase was for.The purchase was made by Shepherd Futures, the parent company of Chobani. Uluukaya said the deal marks a new beginning for Anchor Brewing, which has been closed since last year and an "optimistic opportunity to continue its 128-year legacy.

Critics are concerned because Ulukaya is not from the Bay Area, and is not familiar with the beer industry, but he promises to reserve the brand’s history and heritage, keeping the company in San Francisco. To that, corporate business expert and emeritus professor at SFSU Mitchell Lee Marks said, "Why discourage money coming into the city?""This is someone who's going to keep a lot of jobs here.

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:

 /  🏆 465. in CA
 

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

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.

Chobani yogurt billionaire buys San Francisco's 127-year-old Anchor Brewing CompanySan Francisco’s iconic Anchor Brewing Company has been acquired by Chobani founder and CEO Hamdi Ulukaya.
Source: NBCLA - 🏆 319. / 59 Read more »

'Worth the wait': Tricky Tortoise Brewing Company officially opens at old Willoughby Brewing Company locationReporter at News 5 Cleveland
Source: WEWS - 🏆 323. / 59 Read more »