America’s oldest craft brewer Anchor Brewing closed in July

Is there any way to that could be saved, what next?

Let us discuss that

America’s oldest craft brewer Anchor Brewing with 127 years in Business closed this July

The liquidation process that begins in August, 2022, could save the company from shut down.

Why Anchor Brewing Closed

The reason was a “combination of challenging economic factors and declining sales since 2016

impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to close

Why Investors could not save it

The brewery employee group, represented by Warehouse Union Local 6 ILWU, wants to buy Anchor and run it as a worker co-op.

What next?

Anchor remains hopeful that one of the bidders or investors will keep the company going for future generations

What happened?

Sapporo, a Japanese company, bought Anchor in 2017. 

Sapporo could not manage it properly due to the lack understanding of craft beer in the United States.

Under Sapporo’s ownership, production of Anchor’s beer declined every year except in 2021

NIQ data given to Craft Business Daily showed the category’s sales are down nearly 4% year to date and volume is down more than 7% in 2023.

This was definitely a painful decision that Anchor brewing closed after many months of careful evaluation

Other stories

Cyient DLM IPO: Get Detail Analysis with us

Tata Technologies Initial Public Offering

Drone manufacturer ideaForge Initial Public Offering

Please comment if you would like to see it in different way