DIRS.INFO The most relevant business & tech news

☆ Gold slides on brewing concerns of U.S. rate cuts still far off
▼ + stars: | 2024-01-11 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Spot gold was down 0.1% at $2,024.99 per ounce, after rising as much as 0.8% before the data. The dollar index extended gains after data showed U.S. consumer prices rose more than expected in December, which could delay a much anticipated U.S. rate cut in March. Traders see a 67% probability of a rate cut in March, according to the CME FedWatch tool, compared with about a 71% chance seen before the report. Higher rates dim the appeal of gold, which pays no interest.

Persons: Gold, hawkish, Loretta Mester, Tom Barkin, Phillip Streible, Streible, Tai Wong, Silver Organizations: Aurum, Federal Reserve, Cleveland Fed, Richmond Fed, Blue, Traders Locations: Chicago, New York

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

☆ Maine town of Lewiston is the scene of the latest US mass shooting
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

- RALEIGH, North Carolina, Oct. 13, 2022: A 15-year-old shot and killed five people and was apprehended after a manhunt. - UVALDE, Texas, May 25, 2022: A teenager opened fire at an elementary school in the South Texas town, killing 19 students and two teachers. - BOULDER, Colorado, March 22, 2021: A mass shooting at a supermarket killed 10 people, including a police officer. - MILWAUKEE, Wisconsin, Feb. 26, 2020: A man opened fire at the Molson Coors Beverage Co brewing complex, killing five co-workers before he committed suicide. - AURORA, Illinois, Feb. 15, 2019: A man opened fire at an Illinois factory after being fired, killing five workers before he was killed by police.

Persons: Nicholas Pfosi, Nick Macfie, Jonathan Oatis Organizations: Lisbon High School, REUTERS, Police, U.S . Border Patrol, CITY, FedEx, Molson Coors Beverage Co, Walmart, Authorities, Thomson Locations: Lisbon , Maine, U.S, Maine, Lewiston, United States, MONTEREY PARK , California, Los Angeles, COLORADO SPRINGS , Colorado, RALEIGH , North Carolina, HIGHLAND, , Illinois, , Texas, South Texas, BUFFALO , New York, OXFORD , Michigan, INDIANAPOLIS, ANGELES, BOULDER , Colorado, ATLANTA, Atlanta, MILWAUKEE , Wisconsin, DAYTON , Ohio, Dayton, Texas, VIRGINIA BEACH , Virginia, Virginia, AURORA , Illinois, Illinois

☆ 'Bond King' Jeffrey Gundlach says buy long-dated Treasurys, with prices set to rebound going into a recession
▼ + stars: | 2023-10-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Jeffrey Gundlach says long-duration Treasurys will make a good short-term trade in a recession. Gundlach also sees agency mortgage securities and commercial mortgage bonds as attractive. "We like long-term treasury bonds for the short-term trade going into a recession. "There has been about a 50% drawdown in the long bond, which means there is now potential for the long bond to go up in price." In calling a recession on the horizon, he also touted agency mortgage-backed securities and commercial mortgage bonds as attractive investments.

Persons: Jeffrey Gundlach, Gundlach, — Organizations: Service, DoubleLine Capital, AAA

Amanda McDaniel, a member of the preservation alliance, is rooting for Jordan’s speaker bid — seeing in him the same principles she holds. It is not an approach that builds consensus — a previous Republican speaker to brand him a “legislative terrorist” — even as he has steadily parlayed it into political success. Mr. Jordan embraced right-wing populism long before the Tea Party or Donald Trump made into a national force. Eric Forson, 50, said that when he wrote to his elected representatives during the 2013 government shutdown, Mr. Jordan was the only one who responded. Ms. Esch and her husband, Mike, 57 were both hopeful that Mr. Jordan would drum up the votes needed to take the speaker role on Wednesday.

Persons: Jim Jordan, Amanda McDaniel, ”, McDaniel, Jordan, “, Katie Porter, Porter, Mr, Jordan’s, Donald Trump, grimaces, Jim wasn’t, Brian Seaver, Eric Forson, Forson, he’s, Missy Esch, . Esch, Mike, Mike Esch Organizations: Champaign County Preservation Alliance, Ohio, Ohio General, Caucus, Tea Party, Lima Correctional, State Senate, Urbana Brewing Company Locations: Champaign, Urbana, Ohio, Washington, Lima, Jordan’s

☆ Family-owned small businesses blend family and the workplace 24/7 — here are 3 tips for navigating brewing conflict
▼ + stars: | 2023-10-03 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +6 min

Working with your family to build and manage a small business comes with challenges. This article is part of "Small Business Playbook," a series exploring leadership challenges and the solutions that can drive growth. About 29% of employer firms are family-owned, according to the US Small Business Administration's Office of Advocacy. Set boundaries between family and work lifeFamily-owned small businesses are a "lifestyle," Engle said. Keep a small business thriving for as many generations as Engle's requires looking at the big picture, Pendergast said.

Persons: —, Matilda Reuter Engle, Engle, It's, Jennifer Pendergast, Pendergast, it's Organizations: Service, Fox Inn, Middleburg Hospitality, Red Fox, US, Business, SBA, Chamber of Commerce, Kellogg School of Management, Northwestern University, SCORE, Small Business Administration Locations: Middleburg , Virginia, Middleburg

The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy. The New York City company also owns SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, and Green Flash Brewing Company. Tilray said that the transaction, which was announced in August, will triple its beer sales volume from four million cases to 12 million. A deluge of criticism and hate erupted soon after Mulvaney cracked open a Bud Light in an Instagram video.

Persons: Tilray, Tilray Brands, Irwin Simon, Busch, Bud Light, influencer Dylan Mulvaney, Mulvaney, Bud Light’s, Bump Williams Organizations: Anheuser, Busch, Breckenridge Brewery, Point Brewing Company, Brewing Company, Redhook, Widmer Brothers Brewing, Cider Company, HiBall Energy, Tilray, New, SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Company, Modelo, Nielsen, Bump Williams Consulting Locations: New York City

☆ Anheuser-Busch says it has stopped cutting tails of Clydesdales
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The Budweiser brewing company Clydesdale horses arrive for the second 2016 U.S. presidential debate at Washington University in St. Louis, Missouri, October 7, 2016. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSept 20 (Reuters) - Brewer Anheuser-Busch said on Wednesday it has stopped cutting off the tails of Clydesdale horses used in publicity for its Budweiser brand of beer after People for the Ethical Treatment of Animals (PETA) launched a campaign against the practice. "The safety and well-being of our beloved Clydesdales is our top priority. The practice of equine tail docking was discontinued earlier this year," Anheuser-Busch, part of the Anheuser-Busch InBev (ABI.BR) global brewing giant, said in a statement. PETA launched its campaign against docking just before the big game last February.

Persons: Rick Wilking, Brewer Anheuser, Busch, Daniel Trotta, Edwina Gibbs Organizations: Budweiser, Clydesdale, Washington University, REUTERS, Animals, PETA, Anheuser, Busch, Busch InBev, American Veterinary Medical Association, Super, Thomson Locations: St, Louis , Missouri, Scotland

☆ Anheuser-Busch Says It Has Stopped Amputating Tails of Budweiser Clydesdales
▼ + stars: | 2023-09-20 | by ( Orlando Mayorquin | More About Orlando Mayorquin | ) www.nytimes.com time to read: +1 min

Facing pressure from animal rights activists, Anheuser-Busch announced on Wednesday that it had ended the practice of amputating the tails of its Budweiser Clydesdales, the familiar equine figures in the brewing company’s advertising campaigns for nearly a century. The move came as Anheuser-Busch, Budweiser’s parent company, has faced criticism for the practice, which is banned in several countries and has been denounced as inhumane by animal welfare organizations. “The safety and well-being of our beloved Clydesdales is our top priority,” an Anheuser-Busch spokeswoman said in a statement on Wednesday. “The practice of equine tail docking was discontinued earlier this year.”Earlier this year, Anheuser-Busch drew criticism after the release of an investigation by People for the Ethical Treatment of Animals, or PETA, that documented the amputations at breeding and training facilities for the Budweiser Clydesdales in Missouri.

Persons: “, Busch Organizations: Anheuser, Busch, Budweiser, PETA Locations: Missouri

☆ High oil prices don't make Europe energy stocks attractive to all
▼ + stars: | 2023-09-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +4 min

The STOXX 600 European oil and gas index (.SXEP) is at its highest since mid-February, having gained around 13.5% in the past two months. In the same period, benchmark Brent crude has risen 18% and European natural gas prices have gained 50%. He said higher oil prices could prompt upgrades to earnings estimates, and potentially dividends too. "The whole energy sector should benefit, but the downstream sector is looking very cheap and offers a high dividend which is attractive given higher interest rates," said Cau. Bank of America strategists have an underweight rating on European energy stocks.

Persons: Heinz, Peter Bader, Brent, Mislav Matejka, Morgan Stanley, Emmanuel Cau, Andreas Bruckner, Lucy Raitano, Amanda Cooper, Miral Organizations: REUTERS, Brent, Reuters, JPMorgan, Barclays, Bank of America, Thomson Locations: Zistersdorf, Austria, Saudi Arabia, Russia, China

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Hostess Brands Inc. shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucker Co. stock for each share of stock that they own. The rest, including Twinkies and other Hostess cakes, was acquired by Metropoulos & Co. and Apollo, for $410 million. Smucker Co. and Hostess have both approved the deal, which is expected to close in Smucker's fiscal third quarter.

Persons: Andy Callahan, Twinkies, Hostess, XX, Wonder, Leon Black, Carl’s, Chef Boyardee, Bee, Morgan Stanley's Pam Kaufman Organizations: Hostess Brands Inc, Associated Press, Flowers Foods, McKee Foods, Metropoulos, Apollo Global Management, Pabst Brewing Co, Hostess Locations: Smucker, America, , Kansas

Capital One has revealed its newest airport lounge, an 8,500-square-foot outpost at Washington-Dulles International Airport (IAD). Read Insider's guide to the best credit cards with free airport lounge access. The Capital One Lounge at Dulles (IAD) is the issuer's highly anticipated second location, expanding the issuer's reach to the Washington D.C. metropolitan area. It's the first credit card-affiliated lounge at Dulles, and the space will likely prove popular for travelers departing from the airport. Premium perks including airport lounge access and statement creditsCheck mark icon A check mark.

Persons: Eero Saarinen, Dulles, H, Will Patton, Chris Dong, it's, Chase Sapphire, Amex, Chase Organizations: Dulles International, Travelers, Capital, Service, Fort Worth International, Dulles, Washington D.C, Capital One, One, Premier, Rhino Brewing Co, Michelin, Acorn, Dulles Airport, Venture, Business, LaGuardia, Reagan Washington National Airport Locations: Washington, Wall, Silicon, Dallas, DFW, Dulles, Virginia, Central Virginia, Denver, Las

☆ Maui business owners need tourism to survive, but say visitors should rethink how they use resources: 'It's not Disneyland'
▼ + stars: | 2023-08-27 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Now, businesses say they need tourism to stay afloat and keep their workers employed. Kawakami said in the short term, though, local businesses need visitors to come back. But right now, local businesses need tourists in the short run to survive, and some told Insider that residents urging tourists to stay away were misguided. What locals say relief should look likeOn Thursday, Sen. Brian Schatz of Hawaii said on Twitter that South Maui resorts "NEED visitors," adding "now we have housed virtually everyone, temporarily." AdvertisementAdvertisement"It was through the efforts of local community, not the government," Nakoa said.

Persons: Garrett Marrero, Marrero, Kyle Kawakami, Kawakami, COVID, we're, Kaniela Ing, " Marrero, Sen, Brian Schatz, Josh Green of, Green, Ing, Julia Tallman, Leonard Junya Nakoa, Nakoa, Tallman, She's, she's Organizations: Service, Maui Brewing Company, Maui Brewing, —, Green New Deal Network, Hawaii, Twitter, Maui Economic Development Board, New Deal Locations: Maui, Wall, Silicon, Lahaina, West Maui, Josh Green of Hawaii

☆ A Canadian cannabis company may soon own your favorite craft beer brands
▼ + stars: | 2023-08-08 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Canadian cannabis company Tilray is one of the biggest craft beer sellers in the US. On Monday, Anheuser-Busch said it was selling 8 craft beer brands to Tilray. Bud Light parent company Anheuser-Busch said on Monday that it was selling off eight of its craft beer brands to a Canadian cannabis company that's been inching into the craft beer space for quite some time now. It would make Tilray the 5th-largest craft beer company in the US, up from its 9th place ranking today, according to analysts from Jefferies. TD Cowen analysts said that craft beer sales declined 6% in 2021 and 9% last year.

Persons: Busch, Bud Light, Bud, that's, Jefferies, TD Cowen, Rafael Marchante, influencer Dylan Mulvaney Organizations: Anheuser, Service, Bud Light, Brands, Breckenridge Brewery, Point Brewing Company, Brewing Company, Redhook, Widmer Brothers Brewing, Cider Company, HiBall Energy, Jefferies, Montauk Brewing Company, SweetWater Brewing Company, Breckenridge, Reuters, US, Busch, Wall, Tilray Locations: Wall, Silicon, Canada, New York, Breckenridge Distillery, Cantanhede, Portugal, Washington

☆ As drinkers shift to spirits, Molson Coors acquires a bourbon maker
▼ + stars: | 2023-08-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told to CNN. It’s part of the company’s pivot to becoming a broader beverage company focusing on drinks beyond beer, especially since US spirit sales surpassed beer sales last year for the first time ever. Blue Run is a Kentucky-based startup that makes premium bourbon whiskeys with prices ranging from $100 to $250 for a bottle. Molson Coors is buying buzzy bourbon brand Blue Run for an undisclosed price. Molson Coors' whiskey and bourbon portfolio now consists of three brands.

Persons: Mike Montgomery, Molson, Devon McKinney, ” Montgomery, “, ”, it’s, Molson’s, Michelle St, Jacques, David Coors, Molson Coors, Blue, Lisa Hawkins Organizations: New, New York CNN, Molson Coors, Coors, CNN, Blue, Nike’s Air Force, Molson, Topo, Co, bourbons, Molson Coors Montgomery, Coors Spirits Co, “ Beer Locations: New York, Kentucky, Topo Chico, Montgomery, United States

☆ Aspen for Cheapskates
▼ + stars: | 2023-08-07 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

Over an $8.50 pint of craft beer from Aspen Brewing Company, which is comparable to what I pay at home in Chicago, I realized that Aspen, Colo., is not expensive by big-city standards. The Economic Research Institute, which compiles financial data for public and private organizations, pegs the cost of living in Aspen at 51 percent higher than the average in the United States, a little less than a city like Seattle. As a professionally penny-pinching traveler, I try to avoid paying urban prices in the mountains. In the summer in Aspen, apart from my weakness for microbrews, I didn’t have to. Cycling, if you can avoid expensive rentals, is a bargain.

Persons: Parks Organizations: Aspen Brewing Company, Aspen, Economic Research Institute, Prada, Parks beckon Locations: Chicago, Colo, Aspen, United States, Seattle

☆ 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

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ A brewery is making beer with recycled wastewater, purified using a process developed by NASA
▼ + stars: | 2023-07-22 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

A brewery in California is using recycled wastewater to make beer, the New York Times reports. The company is using technology designed by NASA for astronauts to recycle water in space. Recycled wastewater tends to actually be cleaner than the water breweries can get on-site, multiple brewery owners told the Times. Last year, Stanford professor William Mitch published a study showing that wastewater recycled using reverse osmosis resulted in a product as clean as groundwater, sometimes even more so. Just last month, NASA reported that scientists on the International Space Station had successfully recycled 98% of their wastewater for the first time.

Persons: William Mitch, Chris Garrett Organizations: New York Times, NASA, Breweries, Service, Policy Breweries, Brewing Company, Times, Stanford, Space Station Locations: California, United States, , 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

☆ 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

☆ 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

☆ A Perfect Weekend in Telluride
▼ + stars: | 2023-07-13 | by ( Cindy Hirschfeld | ) www.nytimes.com time to read: +2 min

Post-adventure, go for the summer version of après-ski at a trio of spots around Mountain Village. Telluride Brewing Company pours its refreshing I.P.A.s and other ales at a brewpub in the Hotel Madeline building (the brewery’s original tap room just west of Telluride remains a hub for locals who stream in after biking and kayaking.) Where to StayThe Telluride area has no shortage of luxe hotels, with the biggest concentration in Mountain Village. On the west side of town, the Hotel Telluride (rooms from $369) is a reliable option, with friendly service and a relaxed vibe. If you have a car and a limited budget, consider the Bivvi Hostel Telluride, open since 2020 in Placerville, about 16 miles down the valley.

Persons: Franz Klammer, Luz, margarita, Joy Itthithepphana, Bryan Woody, Cheyenne Organizations: Company, Telluride Brewing Company, Madeline, Hotel, Telluride Locations: Village, Telluride, La, luxe, Bernard, Hotel Telluride, Placerville

☆ 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

Search resuls for: "Brewing Co"

25 mentions found