Sunday, April 14, 2024

Anchor to close down after 127 years – Drinks Worldwide

After 127 years, having survived San Francisco’s 1906 earthquake, Prohibition and each world wars, Anchor Brewing Firm is closing down resulting from latest financial pressures.

Mentioned to be the oldest craft brewer within the US, based in 1896, the corporate stated in a press release that the impacts of the pandemic, inflation and a extremely aggressive market left it “with no possibility however to make this unhappy resolution to stop operations,” Sam Signer, a spokesperson for the corporate, stated in a press release.

The assertion additionally stated workers got 60 day’s discover and given severance packages. 

Anchor had made efforts over the past 12 months to search out consumers for the brewery and its manufacturers, and had just lately introduced it might restrict gross sales of Anchor beers to California and lower manufacturing of its Anchor Christmas Ale. 

The corporate additionally added that though it had stopped brewing, it might proceed packing and distributing beer whereas out there and can be offered on draft whereas there may be nonetheless a listing. 

Anchor’s gross sales had been declining since 2016, and in 2017, it was acquired for round $85 million by the Japanese beer large Sapporo.

Singer stated that the brewery had gone by way of totally different crises in its time, and hoped there might nonetheless be an opportunity for its continuation if a purchaser stepped ahead through the liquidation course of.

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