BearGoggles said:DiabloWags said:
This has nothing to do with union busting.
The Craft Beer industry is SATURATED (especially on the West Coast) and Anchor had nothing going for it aside from historical significance.
Speakeasy Ales & Lager (which actually produced some good beer like Big Daddy) closed down in Hunter's Point in 2017, drowning in bank debt. The business went into receivership and the Court got rid of the owner and sold off the assets.
And yet I didnt hear of any "hand-ringing" over that closure in SF.
Since we apparently agree, I may need to reconsider my opinion. J/K.
I read that 70% of Anchor's sales were in bars. so they were crushed by COVID, in addition to competition. That, together with operating in a high cost market like SFO, were pretty big disadvantages.
Bingo.
And in order to compete during Covid, they were forced (like many other brewing companies) to PIVOT and incur increased expenses on retail packaging and marketing their beers to retail outlets like grocery stores and places like BevMo, Total Wine, etc. - - - I would suggest that not all brewers were successful at doing this and it was a massive challenge given the (as in Anchor's case) faltering cash-flow from the restaurant/bar trade.