SF's Anchor Brewing Company shutting down after 127 years

It’s important to note that Anchor as a division is being shut down as a cost-saving measure by its owner Sapporo, a transnational, publicly-traded corporation.

Sapporo says they have tried to find a buyer for Anchor, but to no avail. Meanwhile Sapporo recently purchased Stone Brewing in San Diego and are beginning Sapporo production there while still making Stone beers. If Sapporo hadn’t also bought Stone, presumably their plan was to brew Sapporo at Anchor in a similar way. In that scenario, they probably would have continued producing Anchor beers in some quantity too.

Those people are delusional. They should see how the doom loop worked out for detroit.

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> According to a press release, the brewery has been facing challenging economic factors and declining sales since 2016.

Well before this "doom loop" shit was coined. Seems like a very long, slow loop if that's the case.

Also, it seems like you created your account to talk about the doom loop on this thread. Edit: no, correction, your account is older but this is the only comment?

I am mostly referring to the exodus of citizens who find California can no longer sustain them economically.

As a result, they're moving in substantial proportions to conservative states.

[1] https://en.wikipedia.org/wiki/California_exodus

There has also been a significant exodus of businesses.

"An exodus of California businesses is gaining steam, with the number of departing establishments nearly doubling from 2012 to 2019"

[2] https://www.ocregister.com/2023/06/05/california-business-de...

From [2] ( June 5, 2023 )

"Companies that have moved their U.S. headquarters out of state in recent years include Hewlett Packard Enterprise, Oracle, Charles Schwab, CBRE, Toyota and Tesla.

Nevada, Texas, Arizona, Oregon, Washington and Florida ranked as the top destinations for relocating California establishments, the data shows.

The findings resemble those in the Hoover Institution’s latest business exodus study, released last September. The Stanford University institution reported that at least 352 business moved their headquarters out of California from 2018 through 2021, including 11 Fortune 1,000 companies.

“Headquarter relocations are accelerating substantially, with no sign of reversing course,” the Hoover Institution report said. It blames the departures on a business environment “that ranks near the bottom of all U.S. states.”

"RELATED: Tesla’s Elon Musk follows 687,626 Californians who moved to Texas"