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☆ Anchor Brewing gets new lease on life after it finds an unexpected buyer
▼ + stars: | 2024-06-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”

Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, ”, Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill

☆ Chobani Yogurt Founder Buys Anchor Brewing Company
▼ + stars: | 2024-05-31 | by ( Emily Schmall | More About Emily Schmall | ) www.nytimes.com time to read: 1 min

The billionaire owner of the yogurt company Chobani said on Friday that he had acquired Anchor Brewing Company, the San Francisco brewer that went out of business last year after 127 years. Hamdi Ulukaya, who is also Chobani’s chief executive, said a video posted on social media that he looked forward to bringing Anchor Brewing “back to life.” The price Mr. Ulukaya paid to acquire the brewing company’s assets from a liquidator was not disclosed. The company, said to be America’s oldest craft brewer, announced it was shutting down in July 2023, citing the effects of the pandemic, inflation and a highly competitive beer market. Sam Singer, a spokesman for Anchor, said on Friday that the company was “very pleased” about the acquisition.

Persons: Chobani, Hamdi Ulukaya, Ulukaya, Sam Singer Organizations: Anchor Brewing Company, Anchor Brewing, Anchor Locations: San Francisco

☆ Anchor Brewing, America's oldest craft brewery, just shut down. Here's what's next
▼ + stars: | 2023-07-31 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —Anchor Brewing, which has been America’s oldest craft brewer with 127 years in business, closed its taprooms for good on Sunday. There’s hope that could happen: Roughly two dozen different investors as well as a group of Anchor’s employees have “expressed interest in buying all or parts of Anchor Brewing,” company spokesman Sam Singer told CNN. Anchor got its start in 1896 in San Francisco, becoming the nation’s first-ever craft brewery. Under Sapporo’s ownership, production of Anchor’s beer declined every year except in 2021, according to the Brewers Association. Brewbound, a beer industry website, previously reported that Sapporo’s recent purchase of craft brewer Stone Brewing sparked concerns among Anchor’s employees of how their brewery fit into plans.

Persons: there’s, There’s, Sam Singer, Singer, Jeff Chiu, they’ve, Anchor, ” Singer, Anchor’s, Justin Sullivan, Fritz Maytag Organizations: New, New York CNN, Brewing, CNN, Anchor Brewing, Sapporo, Warehouse Union, ” Employees, Getty, North, Anchor, Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft, Craft Business Locations: New York, San Francisco, Sapporo USA, Sapporo, United States, North America, California

☆ Workers at San Francisco's Anchor Brewing are trying to buy the brewery as it faces liquidation under Sapporo ownership
▼ + stars: | 2023-07-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Workers are reportedly offering to buy San Francisco's Anchor Brewing Co. and manage it themselves. Anchor, owned by Japanese beer giant Sapporo, announced this month that it would shutter. Anchor and Sapporo did not immediately respond to requests for comment on the letter or the closing from Insider. The Anchor workers aren't the only ones interested in buying and preserving the brand. Sapporo touted Anchor's "strong brand power" and potential for growth in a statement explaining its acquisition of the brewery in 2017.

Persons: Dave Infante, Pedro de Sá, Mike Minami, Mike Walsh, Sam Singer Organizations: Anchor Brewing Co, Service, Privacy, Brewing, Sapporo USA, Anchor, Sapporo, San Francisco Chronicle, LinkedIn, Cola Locations: Sapporo, Wall, Silicon, San Francisco, Vinepair, Sapporo USA, California

☆ Anchor Workers Want to Save Their Brewery by Buying It
▼ + stars: | 2023-07-20 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

Unionized workers at Anchor Brewing Company, the oldest craft brewer in the United States, want to buy the 127-year-old company and run it as a co-op to save it from shutting down, a union official said. The workers have “decided to launch an effort to purchase the brewery and run it as a worker co-op,” according to a proposal letter from the Anchor employees. Pedro de Sá, the business agent at International Longshore and Warehouse Union Local 6, whose members include workers at Anchor, sent the proposal on Wednesday to Mike Minami, the president of Sapporo USA, which owns the company. “All we want is a fair shot at being able to continue to do our jobs, make the beer we love, and keep this historic institution open,” the letter said. “We do not want the brewery and brand we love to be sold off before we even had a chance.”

Persons: Pedro de Sá, Mike Minami, “, ” Organizations: Anchor Brewing Company, Anchor, Warehouse Union, Sapporo Locations: United States, Sapporo USA

☆ Makers of San Francisco's famed Anchor Steam beer are going out of business
▼ + stars: | 2023-07-13 | by ( David K. Li | ) www.cnbc.com time to read: +4 min

Person's hand holding bottle of California Lager from Anchor Brewing Company, maker of Anchor Steam Beer, Lafayette, California, July 12, 2023. A spokesperson for the Brewers Association, which represents more than 5,400 brewers, distributors and craft beer retailers, said the trade group doesn't normally, by policy, comment on the opening or closing of any beer company. But the impending closure of Anchor Brewing — an iconic San Francisco staple as famous as sourdough bread, Ghirardelli Chocolate or Rice-A-Roni — prompted it to offer a heartfelt eulogy. "Anchor's contributions to craft brewing and American beer history cannot be overstated," chief economist Bart Watson said in a statement. Anchor Brewing was purchased in 2017 by Sapporo U.S.A. A representative for the company couldn't immediately be reached for comment Wednesday.

Persons: Smith, Sam Singer, Singer, Roni —, Bart Watson, Watson, couldn't Organizations: California Lager, Anchor Brewing Company, Steam, Brewing, NBC News, Brewers Association, Sapporo U.S.A Locations: California, Lafayette , California, San Francisco, Potrero Hill

☆ Anchor Brewing, the Oldest Craft Brewer in the U.S., Will Close After 127 Years
▼ + stars: | 2023-07-13 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

But recent economic pressures proved too much for the oldest craft brewer in the country: After 127 years, Anchor Brewing Company is shutting down. Anchor added that although it had stopped brewing, it would continue packing and distributing beer while available. In 2021, Anchor Brewing tried to adapt, rebranding and bottling and canning more of its beers to sell in grocery stores. But those changes “couldn’t make up for the significant loss of sales,” he added. In a last-ditch attempt to stay afloat, Anchor limited sales of its beer to California, and stopped producing one of its products, a Christmas ale.

Persons: ” Sam Singer Organizations: Anchor Brewing Company, ” Employees, Anchor Brewing Locations: Sapporo, California

☆ The oldest craft brewery in the US is officially out of business, closing yet another chapter in San Francisco's vanishing history
▼ + stars: | 2023-07-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Anchor Brewing, a cornerstone of San Francisco history, is shutting down after 127 years. Anchor Brewing is the latest casualty of a city that is increasingly pricing out its businesses and residents. With its closure, Anchor joins a long list of historical businesses vanishing from San Francisco. The San Francisco Standard reported that at least 17 retailers — including Nordstrom, Office Depot, and Old Navy — exited the city's downtown area since 2020. dark, dark day for san francisco beer drinkers."

Persons: Anchor, —, Old Navy —, Reddit, Peter Hartlaub Organizations: Brewing, Service, CNN, Anchor Brewing, California Gold Rush, Brewer's Association, San Francisco Standard, Nordstrom, Old Navy, Twitter, San Francisco Locations: Francisco, Wall, Silicon, Westfield, United States, Sapporo, California, Vinepair, America, San Francisco, francisco

☆ Anchor Brewing in San Francisco to cease operations after 127 years
▼ + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Pour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business. Another problem has been Sapporo, the Japanese beer company that bought the brand in 2017. “This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” said Anchor Brewing spokesperson Sam Singer. “This is a sad day in the history of craft brewing in America,” Harry Schuhmacher, Craft Business Daily’s publisher told CNN. He literally nurtured that brewery from insolvency in the 60s to becoming San Francisco’s hometown beer and symbolic of America’s craft beer resurgence.”

Persons: ”, VinePair, Sam Singer, Anchor, Fritz Maytag, ” Harry Schuhmacher, “, Fritz Organizations: New, New York CNN, Anchor Brewing, Craft, Employees, Anchor, ” Workers, ”, Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft Business, CNN Locations: New York, San Francisco, Sapporo, California, America

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