After 127 years in San Francisco, Anchor Brewing Co. has brewed its last batch of beer. The historic San Francisco brewery had already announced last month that it would end production of its signature "Anchor Christmas Ale" and planned to stop selling its beer nationally. Now, all brewing has stopped, the San Francisco Business Times reported. It intends to package and distribute the beer that it has on hand through the end of the month, after which it will cease operations and liquidate the business as part of an assignment for the benefit of creditors (ABC) — a voluntary alternative to formal bankruptcy proceedings. The decision follows an early Wednesday morning vote by the board of directors of Sapporo Holdings Ltd., the Japanese brewing giant which purchased Anchor Brewing in 2017. In a statement, Anchor Brewing cited a "combination of challenging economic factors and declining sales since 2016."
