Earlier quoted context omitted.
I think that is an important point but, with that said, I'd suggest that perhaps the reason Anchor were struggling is they didn't really innovate. Rather they rested on the laurels of that 127 year heritage. Certainly a very personal opinion but the first time I tried Anchor beers sometime in the noughties I was underwhelmed. Don't get me wrong: they're certainly better than Bud, Coors, etc., but as a Brit coming fro…
Their Porter is fantastic and on par with Fuller's.
I would be a lot more disappointed with this turn of events if I had access to their porter. But the ubiquitous steam beer was never one of my favorites.