Many of America’s beer brands and parent companies are over 100 years old. Yuengling was founded in 1829. Budweiser was first available in 1876. Both are considered mainstream beers. Another category of beer is labeled “craft.” The oldest of these, Anchor Beer, has been closed by its parent. It was founded in 1896. (These are 20 craft beers Americans like most.)
[in-text-ad]
Japanese brewer Sapporo owns Anchor. Just before it was closed, some employees tried to buy it. They could not put together an attractive enough package. What is left of Anchor will be liquidated and sold.
Anchor was caught in a vortex of a decline in the craft brew industry. Sapporo picked profit over legacy.
Anchor competed with 7,000 U.S.-based breweries, although its position as a craft beer made that competitive circle smaller. No matter how small the circle, Modelo, Budweiser, Miller, Heineken and other top-selling brands make up most beer sales. There may be enough demand going around. Americans over 21 drink 28 gallons of beer a year on average. In some parts of the country, that number is much higher. In North Dakota, it is 46 gallons.
Anchor is a lesson in niche brands in general. No matter their quality, they are up against products with sophisticated production, expensive marketing, product development and well-established brands. As a related example, boutique retailers close by the dozens every year.
Anchor was never a major brand. Maybe it had to be one to survive.
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
