San Francisco's landmark Anchor Brewing Co., which has announced plans to cease operations, says Saturday it's willing to consider a takeover by employees.
SAN FRANCISCO -- San Francisco's landmark Anchor Brewing Co., which has announced plans to cease operations after more than 126 years, says it's willing to consider a takeover by employees.
But that could change if employees come through with an offer to purchase the company, spokesman Sam Singer said Saturday. In its announcement Wednesday, the company said its only option was to cease operations because of the impacts of the pandemic, inflation and a highly competitive market. Anchor, which was established in 1896, said it has given its employees 60-day notices of its closing and would provide transition support and separation packages.
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