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Employee Buyout

All articles tagged with #employee buyout

business2 years ago

Employees Rally to Save Anchor Brewing Co. Through Buyout Bid

Anchor Brewing, the 127-year-old craft beer pioneer, has stated that it is open to a purchase offer from its employees to avoid closure. The company, which was sold to Japanese brewer Sapporo Holdings in 2017, recently announced its discontinuation due to declining sales and tough economic conditions. While Anchor Brewing has received interest from investors, it will consider an offer from its employees if they can provide a verifiable source of funds. However, time is running out, and the company plans to proceed with liquidation in early August if no viable solution is found.

business2 years ago

Craft Beer Pioneer in San Francisco Open to Employee Buyout

San Francisco-based Anchor Brewing, a pioneer in craft beers, has stated that it is open to a purchase offer from its employees, who are launching an effort to buy the brewery. However, time is running out as the company plans to proceed with liquidation in early August. Anchor Brewing, which was sold to Japanese brewer Sapporo Holdings in 2017, recently announced its discontinuation due to declining sales and challenging economic conditions. Several investors have expressed interest in acquiring the brewery, but any decision to sell will be made by liquidators.

business2 years ago

Employees Eye Ownership: Anchor Brewing Considers Potential Offer

Anchor Brewing, the iconic San Francisco brewery, is open to considering a potential offer from employees who are looking to purchase the company and save it from closure. The brewery, founded in 1896, recently announced its shutdown due to declining sales. A group of employees has been working to preserve the brewery's legacy and has expressed interest in buying it. The company has stated that it would gladly consider a bonafide offer from employees that includes a verifiable source of funds. However, time is running short as the company plans to file for bankruptcy at the beginning of August.