tldrdaily.news logo
Tag

Anchor Brewing Co

All articles tagged with #anchor brewing co

business1 year ago

Chobani Billionaire Acquires San Francisco's Anchor Brewing

Chobani yogurt founder and billionaire Hamdi Ulukaya has purchased San Francisco's historic Anchor Brewing Co., known for its Anchor Steam and Christmas Ale beers. The purchase price was not disclosed. Ulukaya expressed his admiration for the city and its history, and his excitement to be part of the brewery's revival. Anchor Brewing, established in 1896, had announced its closure last year due to declining sales and competition. The brewery has changed hands multiple times, most recently being owned by Japanese brewer Sapporo.

via The Associated Press|
#acquisition#anchor-brewing-co#business
business2 years ago

End of an Era: America's Oldest Craft Brewer Shuts Its Doors After 127 Years

Anchor Brewing Co., America's oldest craft brewer, is permanently closing after 127 years in business due to a combination of challenging economic factors and declining sales since 2016. The company, which was acquired by Japanese beer giant Sapporo in 2017, has faced allegations of mismanagement and a lack of understanding of U.S. craft beer. Sixty-one employees have received a 60-day notice and will receive transition support and separation packages. The company has ceased brewing but will continue selling its remaining beer until the end of July.

via NJ.com|
#anchor-brewing-co#business#closure
business2 years ago

End of an Era: Iconic Anchor Brewing Co. in San Francisco Shuts Down

Anchor Brewing Co., a historic landmark in San Francisco and the nation's first craft brewery, has announced that it will cease operations and liquidate the business due to economic factors, including declining sales since 2016. The company will provide transition support and separation packages to its employees. Anchor has already stopped brewing but will continue packaging and distributing its remaining beer until the end of July. The company is considering filing for bankruptcy under federal Chapter 7 or 11.

via NBC Bay Area|
#anchor-brewing-co#business#cease-operations
business2 years ago

Anchor Brewing Co. reduces distribution and cancels popular beer.

Anchor Brewing Co. is cutting back its national distribution and canceling the release of its signature Christmas Ale due to time-intensive and costly brewing and packaging requirements. The San Francisco-based brewery will only distribute within California, which represents 70% of its sales. The cancellation of Christmas Ale, made annually since 1975, is a loss for beer enthusiasts and culture preservationists. The craft beer industry has faced stagnation and consolidation, with beer sales down about 3% by volume last year.

via San Francisco Chronicle|
#anchor-brewing-co#beer#business