America's oldest craft brewery shuts after 127 years
That flavour was rooted in the steam style of brewing, which Eater cast as one of the few native to the US.It did $10m in turnover last year, down from $12m the prior year,, which purchased the company for $85m in 2017 in a bid to expand its presence in the US beer market.
Sapporo said it had tried to revive sales by renewing products and making other investments but could not overcome the hit to the business from the pandemic."Anchor was significantly affected by the impact of the novel coronavirus, and such impact was particularly prolonged in the San Francisco area. As a result, Anchor's sales have significantly decreased," Sapporo said, warning investors that it would take a Y6bn hit from the decision.
Craft beers accounted for just over 13% of the beers sold in the US last year and roughly a quarter of sales by value, according to the Brewers Association.The number of beers sold in the US last year sank 3%, the Breweries Association said. At small, independent brewers, sales volume was roughly flat.
Anchor, which gave 60 days notice to its roughly 60 staff, said it had repeatedly tried to find a buyer in recent years and still hoped one would step forward during the liquidation process. It said it had stopped producing beer but would continue packaging and distributing its bottles in California until the end of July. Its local pub will also remain open temporarily to sell remaining inventory.
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