Anchor Steam, the OG of craft beer, is shutting down after years of losses
Anchor Brewing Co., the self-proclaimed first craft brewery in the U.S., said it will close its doors after 127 years in business.
Market Pulse: San Francisco–based craft-beer pioneer Anchor Brewing is closing down after 127 years: report “Over the past several years, we implemented a variety of measures to improve the business, such as releasing new products, product renewals, and making brand investments. However, Anchor’s business performance continued to be sluggish,” the company said in a notice provided by Sapporo. “Since it would be difficult to improve profitability in the medium to long term, Anchor decided to commence the ABC.”The filing of Anchor’s certificate of cancellation is scheduled for July 2024.
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