Bud Light parent company Anheuser-Busch InBev says it will sell eight craft beer brands to a Canadian cannabis company amid continued fallout from Bud Light’s marketing partnership with transgender influencer Dylan Mulvaney.
The platform said that economic consequences of ‘going woke’ are rarely felt by the wealthy liberals that make the wrong decision, but rather by working class.
The Bud Light controversy hurt Anheuser-Busch InBev’s second-quarter performance in the United States, the world’s largest brewer confirmed in its latest earnings report.
Sen. Amy Klobuchar and other lawmakers raised questions at a Senate hearing Tuesday on the proposed $107B takeover by the world’s largest brewer, AB InBev, of rival SABMiller.
The world’s two biggest beer makers will join forces to create a company that produces almost a third of the world’s beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof.
AB InBev is already the largest beer maker in the world, and it may soon get a lot bigger. But the competing craft brewing industry is growing even bigger.