The historic San Francisco brewery made the startling announcement early on Wednesday that production is shutting down, employees have been given notice and just one division will remain open ̵…
Rumors have been swirling through the beer community for weeks that Sapporo, the Japanese conglomerate that bought San Francisco’s venerable Anchor Brewing Co. in 2017, was looking for a buyer. The company had not been doing well. It was especially hard hit by the pandemic, and sales were continuing to fall.
But the news this morning was even grimmer. Anchor Brewing announced early this morning that the brewery is ceasing operations and will liquidate its assets through a process known as a California assignment for the benefit of creditors that avoids bankruptcy.taproom will remain open at least until Aug. 1 to sell off remaining inventory.
Anchor had recently announced it was pulling back distribution to only California, and the company would no longer brew its popular holiday seasonal, Our Special Ale, a Christmas beer. Last year, it revamped its labels and packaging, a rebranding for which it faced heavy criticism.
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