Jul 13, 2023
America's oldest craft brewery shuts after 127 years
A beer-maker founded in San Francisco in 1896 that promotes itself as America's "First" craft brewer is closing its doors. Anchor Brewing Company said it would cease operations and liquidate the business, pointing to years of falling sales. "We recognise 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," he said. Craft beers accounted for just over 13% of the beers sold in the US last year and roughly a quarter of sales by value, according to the Brewers Association. Anchor, which gave 60 days notice to its roughly 60 staff, said it had repeatedly tried to find a buyer in recent years and still hoped one would step forward during the liquidation process.
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