tullysfishmarket
Commemorate America's first craft brewery. Beer lovers around the world are mourning the demise of Anchor Brewing Company after 127 years.
tullysfishmarket
The historic San Francisco business announced its closure this week, "following a combination of challenging economic circumstances and declining sales since 2016."
tullysfishmarket
"This was an extremely difficult choice that Anchor reached only after many months of rigorous evaluation," a spokeswoman said in a statement.
tullysfishmarket
Since 1896, Anchor has been producing lagers, pilsners, IPAs, and pale ales. Anchor was purchased by Sapporo in 2017 for approximately $85 million.
tullysfishmarket
The company's demise was declared this week, despite the fact that financial issues had been clear for some time. Anchor discontinued sales of its beers outside of California last month due to economic considerations.
tullysfishmarket
The brewery said last month that it will not produce its famous Anchor Christmas Ale this year due to timing and cost constraints.
tullysfishmarket
According to the anchor's closing news announcement, employees were given a 60-day notice and parting presents. The company has stopped producing beer but will continue to sell what it has.
tullysfishmarket
It's a shame to see such an ancient company go out of business. "Too many people only see the big mega-corporation beers and fail to look for anything else," said one Twitter user last week.
tullysfishmarket
Anchor isn't the only veteran of the food sector experiencing major issues this year. Tupperware warned in April that company might go bankrupt due to a sales slowdown and a lack of cash, but it is still fighting.
tullysfishmarket
The company engaged professionals and met with possible investors to enhance its finances.
tullysfishmarket
tullysfishmarket