A group of local investors is trying outbid large beverage industry players in order to return ownership of San Francisco's most historic brewery back to someone who lives in the city and will keep it operating there.
Japanese beer giant Sapporo, which acquired the Anchor Brewing Co. in 2017 for $85M and shut it down last summer after 127 years, is about to pick a winning bid.
Anchor Brewing was a craft brewery a century before anybody thought that was cool, inventing Anchor Steam, a smooth amber lager made in wide, open-top steel bins.
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