Anchor Brewing Company shutdown (2023)
Anchor Brewing, San Francisco's 127-year-old craft beer pioneer, announced it would cease operations after more than a century, citing declining sales and rising costs. The company was later revived under new owners.
Anchor closed its Potrero Hill facility and laid off employees; other Bay Area breweries absorbed some of its output.
The closure underscored the precarious economics of craft brewing in a shrinking U.S. beer market.
Two Pitchers is expanding where Anchor contracted, betting its low-price, fruit-forward model can win in the same tough market.
