All articles tagged with #anchor brewing company
Hamdi Ulukaya, founder and CEO of Chobani, has acquired Anchor Brewing Company, America's oldest craft brewer, which shut down last year due to the pandemic, inflation, and market competition. Ulukaya aims to revive the historic San Francisco brewery.
Workers at Anchor Brewing Company, the oldest craft brewer in the U.S., are attempting to save the company from closure by purchasing it themselves, according to a union official. The brewery is facing financial difficulties, and the employees hope that by taking ownership, they can keep the historic company alive.
Anchor Brewing Company, a Bay Area staple, is receiving interest from 24 potential buyers after announcing its closure. The company had been searching for buyers for a year but was unsuccessful. The names of the interested investors are being shared with the Assignee for the Benefit of Creditors, who is managing the liquidation process. Anchor Brewing will continue to serve beer until the taps run dry later this month.
San Francisco's Anchor Brewing Company, the country's first craft brewery established in 1896, is shutting down after 127 years due to challenging economic factors and declining sales since 2016. The impacts of the pandemic, inflation, and a highly competitive market left the company with no choice but to cease operations. Employees have been given notice and will receive transition support and separation packages. The brewery's assets will be put up for sale, and the taproom will continue operating until at least August 1.