The last time San Francisco's Anchor Brewing Company faced bankruptcy, a wealthy heir stepped in to save the brewery—and may have changed the course of the entire American beer industry in the process.
There may not be a similar reprieve this time. Anchor, originally founded in 1896, announced this week that it would be shutting down for good. "The impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations," Sam Singer, a spokesman for the company, said in a statement.
