Anchor Brewing Shuts Down , After 127 Years.<br />The oldest craft brewery in America is going out of business after experiencing "a combination of challenging economic factors and declining sales since 2016," Insider reports. .<br />The oldest craft brewery in America is going out of business after experiencing "a combination of challenging economic factors and declining sales since 2016," Insider reports. .<br />The company made the announcement on July 12.<br />Unfortunately, today's economic pressures have made the business no longer sustainable, and we had to make the heartbreaking decision to cease operations, Anchor Brewing, via statement.<br />Anchor was acquired by Sapporo in 2017.<br />An anonymous employee claims that <br />"upper management ran this company not understanding how craft brewing works in America.".<br />Sapporo has made rookie mistakes left and right, they have destroyed what this brand was, Anonymous employee, via Insider.<br />With the exception of 2021, production declined each year since 2017.<br />Over the past year, Sapporo has unsuccessfully attempted to sell the brewing company.<br />According to Anchor, it is "possible that a buyer will step forward for the brewery as part of the liquidation process.".<br />Currently, the brewery is no longer producing beer. Its stock will be phased out by the end of July.<br />61 people were employed by the brewery. .<br />61 people were employed by the brewery.
