San Francisco’s Anchor Brewing, the oldest craft brewery in the United States, is closing after 127 years due to persistent losses that have been driven by inflation, coronavirus lockdowns, and changing consumer behavior.
The brewery was “losing millions of dollars a year,” said Anchor spokesperson Sam Singer. “Economic pressures have made the business no longer sustainable.”“We recognize the importance and historic significance of Anchor to San Francisco and the craft brewing industry,” Singer said, “but the impacts of the pandemic, inflation — especially in San Francisco — and a highly competitive market left us with no choice but to make this sad decision.
Another problem has been Sapporo, the Japanese beer company that bought the brand in 2017. Employees complained to VinePair last month about Sapporo’s alleged mismanagement and lack of understanding of craft beer in the United States. In addition, a 2021 rebrand of Anchor was criticized for pivoting too far away from the brand’s classic look.
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Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years in San Francisco'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.'
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Barring a Beer Miracle, San Francisco’s Legendary Anchor Brewing Is Closing After 127 YearsAnchor Brewing, a true San Francisco institution of more than 127 years, is shutting down operations. (via EaterSF)
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SF's Anchor Brewing Company, country's 1st craft brewery, shutting down after 127 years'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.'
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Anchor Brewing, ‘America’s first craft brewery,’ to close after 127 yearsAnchor Brewing, a beloved San Francisco company that is considered the oldest craft brewery in the United States, announced on Wednesday that it would close after 127 years of business.
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127-year-old Anchor Brewing Co. to halt operations with tough economy, beer sales in declineThe company has stopped brewing and will continue packaging and distributing the beer on hand while available or through around the end of the month.
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Anchor Brewing halting operations after 127 yearsAnchor has been a trailblazer in the U.S., brewing craft beers when most Americans were loyal to one of the few major breweries.
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