Over the previous a number of months, we have now lined the closure of quite a few companies in San Francisco, however this one has to harm the individuals who dwell there essentially the most of all.
Anchor Brewery has been a fixture in San Francisco for properly over 100 years and now they’re shutting down.
That is one case the place it’s primarily not about crime, medicine and homelessness. The brewery was deeply harm by the closure of bars and eating places through the pandemic. They have been truly having hassle earlier than that, however the pandemic sealed their destiny.
ABC 7 News studies:
SF’s Anchor Brewing Firm, nation’s 1st craft brewery, shutting down after 127 years
After 127 years in enterprise, San Francisco’s Anchor Brewing Firm is shutting down.
In keeping with a press launch, the brewery has been going through difficult financial components and declining gross sales since 2016.
“This was an especially tough resolution that Anchor reached solely after many months of cautious analysis,” Anchor Brewing spokesperson Sam Singer mentioned. “We acknowledge the significance and historic significance of Anchor to San Francisco and to the craft brewing business, however the impacts of the pandemic, inflation, particularly in San Francisco, and a extremely aggressive market left the corporate with no choice however to make this unhappy resolution to stop operations.”
With roots relationship again to the California Gold Rush, what’s also known as America’s first craft brewery is formally liquidating enterprise.
“Proper now, these are some powerful financial occasions,” Singer instructed ABC7 Information. “And Anchor’s demise is symbolic of that.”…
“Anchor gross sales have been centered in bars, taprooms. When the pandemic got here alongside, these ended fully,” Singer shared. “The corporate had switched to promoting in grocery shops and markets and was late to the sport to try this at a big stage.”
Right here’s a neighborhood video report:
Apparently, unionization might have performed a job right here as properly.
BREAKING: Anchor Steam, fashionable craft beer brewing firm established 1896 in San Francisco with very loyal following, shutting down, declaring chapter.
— Richie Greenberg (@greenbergnation) July 12, 2023
It’s nonetheless unhappy information.
after i heard they have been ceasing all operations this morning, rode my bike by anchor brewing on the best way to work. the flag is flying the other way up.
darkish, darkish day for san francisco beer drinkers. pic.twitter.com/0UL5xyAWHT
— Grant Marek (@Grant_Marek) July 12, 2023
The hits simply maintain coming for San Francisco.