The winning bid is set to be revealed four months later than any of the involved parties originally expected
The assets of the 127-year-old Anchor Brewing could have a new owner by the end of May, nearly four months after a winning bid was originally expected to be announced.
Anchor shut down last July, with owner Sapporo citing declining sales since 2016, the year before the Japanese company bought the beermaker for $85 million. Nearly 80% of its sales were on-site at bars and restaurants, which declined when the COVID-19 pandemic sent the food and drink industry into a downturn. An assignee was tasked with liquidating the company’s assets and paying its creditors.
Ex // Top Stories Can SF afford a ‘Day Without Child Care’? Day-care providers from The City and around the Bay Area attempt to shine a light on the difficult financial situations they face “We are still interested and have voiced publicly that we would love to work with whoever wins the bid, but we don’t know what is happening in the process,” said Patrick Machel, chairman of the cooperative.
“I can’t believe how long this process is taking,” he wrote in the post, adding that his group was still “optimistic” about purchasing Anchor’s assets and “frustrated by the delays.”
Potrero Hill Anchor Brewing Company
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