#1,801 - SF's Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years
News For Reasonable People
English - July 17, 2023 10:00 - 21 minutes - 15.6 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
After 127 years in business, San Francisco's Anchor Brewing Company is shutting down.
According to a press release, the brewery has been facing challenging economic factors and declining sales since 2016.
"This was an extremely difficult decision that Anchor reached only after many months of careful evaluation," Anchor Brewing spokesperson Sam Singer said. "We recognize 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."
With roots dating back to the California Gold Rush, what's often referred to as America's first craft brewery is officially liquidating business.
"Right now, these are some tough economic times," Singer told ABC7 News. "And Anchor's demise is symbolic of that."
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