All articles tagged with #craft brewing
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 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.