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Coca-Cola and AEG Expand Long-standing Partnership Across Iconic Sports and Live Entertainment Assets in New Multiyear, Renewal Agreement
Coca-Cola and AEG Expand Long-standing Partnership Across Iconic Sports and Live Entertainment Assets in New Multiyear, Renewal Agreement
LOS ANGELES--(BUSINESS WIRE)--Oct 10, 2023--
2023-10-11 00:21
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
The CEO of Anheuser-Busch InBev, the parent company of Bud Light, said the beer should be about bringing people together after it faced months of backlash following its brief partnership with transgender influencer Dylan Mulvaney. In an appearance Wednesday on the programme CBS This Morning, CEO Brendan Whitworth said the company has become entangled in “divisive” conversations it should not be a part of. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive,” Mr Whitworth said. “And Bud Light really doesn’t belong there. Bud Light should be all about bringing people together.” At the moment, that is not what’s happening. Bud Light last month lost its spot at the top of the beer sales charts to Modelo as some conservative customers continue to boycott the beer following the advertisements featuring Ms Mulvaney. Mr Whitworth declined to answer directly when asked whether the campaign featuring Ms Mulvaney was a mistake. “There’s a big social conversation taking place right now, and big brands are right in the middle of it and it’s not just our industry or Bud Light,” Mr Whitworth said. “It’s happening in retail, happening in fast food. And so for us what we need to understand — deeply understand and appreciate — is the consumer and what they want, what they care about, and what they expect from big brands.” Despite being given ample opportunity to do so, Mr Whitworth did not directly defend the corporation’s decision to partner with a trans influencer or to support the trans community more broadly at a time when that community is facing a barrage of legislation targeting its rights in states across the country. “Bud Light has supported LGBTQ since 1998, so that’s 25 years,” Mr Whitworth said. “And as we’ve said from the beginning, we’ll continue to support the communities and organisations we’ve supported for decades. But as we move forward, we want to focus on what we do best: which is brewing great beer for everyone.” The controversy over corporations’ politics is not limited to Bud Light. Disney, Target, Nike and a number of other brands have also been the target of the right’s ire in recent years for taking stances on social issues at odds with conservatives. Target recently announced its decision to remove some Pride month merchandise from its stores after facing criticism from conservatives for its relative support of the LGBTQ+ community. The Starbucks Workers Union, meanwhile, accused Starbucks of restricting Pride decorations from certain stores. Read More I came out as a teen in the 90s — there’s still a long road ahead for LGBT+ youth Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-29 09:47
Yellen says U.S. economy strong but some areas slowing
Yellen says U.S. economy strong but some areas slowing
WASHINGTON The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury
2023-06-07 20:59
Futures decline as soaring oil prices deepen inflation woes
Futures decline as soaring oil prices deepen inflation woes
U.S. stock index futures slipped on Thursday as soaring oil prices cemented the prospects for a prolonged restrictive
2023-09-28 18:23
Typhoon Lan Paralyzes Planes and Trains While Crossing Japan
Typhoon Lan Paralyzes Planes and Trains While Crossing Japan
Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced
2023-08-15 13:19
Intel Plans Assembly and Test Facility in Poland
Intel Plans Assembly and Test Facility in Poland
WROCŁAW, Poland--(BUSINESS WIRE)--Jun 16, 2023--
2023-06-16 16:56
Slovenia Assesses Rising Damage, Death Toll From Record Flooding
Slovenia Assesses Rising Damage, Death Toll From Record Flooding
Slovenia is beginning to assess the human and economic toll from flooding that’s inundated parts of the country
2023-08-07 18:52
One Year After Dobbs, Getting an Abortion Is Now Much More Expensive
One Year After Dobbs, Getting an Abortion Is Now Much More Expensive
While the long-term consequences of the end of Roe v. Wade could take years to tally, one outcome
2023-06-24 20:56
EU to probe China electric car subsidies
EU to probe China electric car subsidies
Brussels will investigate Chinese state subsidies for electric cars, EU chief Ursula von der Leyen said Wednesday, vowing to defend Europe's...
2023-09-13 16:54
Futures muted as investors await key jobs data
Futures muted as investors await key jobs data
Futures tracking Wall Street's main indexes were subdued on Friday as investors awaited a crucial jobs report to
2023-10-06 18:28
Opening statements begin in website founder's 2nd trial over ads promoting prostitution
Opening statements begin in website founder's 2nd trial over ads promoting prostitution
Federal prosecutors in Phoenix say a founder of the classified ad site Backpage
2023-09-01 09:53
Citigroup CEO announces management changes, 'difficult' decisions
Citigroup CEO announces management changes, 'difficult' decisions
NEW YORK Citigroup CEO Jane Fraser announced the next layer of management changes in a sweeping reorganization, according
2023-11-20 22:16