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The Latest Breaking News from AB InBev

Investment billionaire hands son his $6.1 billion stake in the world’s biggest brewer

Not only did Max Telles inherit billions over the festive break, but also his father’s voting powers at the world’s largest beer maker.

Fortune

It wasn't just you—beers have had a challenging 2023 as well, from consumer boycotts and sobering volumes to 'stolen' breweries

The beer business was impacted by softer consumer demand and other unexpected tumult—but an up-and-coming beer category has offered some solace.

Fortune

European brewing giant's CEO on Russia stealing its flagship beer business: 'A very, very sad and unfortunate turn of events'

Jacob Aarup-Andersen says the loss will be reflected in year-end results: "We have taken the full hit of losing the ownership of the Russian business."

Fortune

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AB InBev earnings climb but Bud Light backlash still weighs on North American sales

Anheuser-Busch Inbev says that revenue growth in most of its global regions was offset by a drop in North American sales

The Independent UK

Bud Light inks sponsorship with Dana White’s UFC as it struggles to find a way to impress American beer drinkers after trans-ad debacle

Bud Light to sponsor Dana White's popular combatants for the next six-years in bid to regain favor among American male consumers.

Fortune

The trolling of corporate America

Even companies making mild gestures of social responsibility are getting slammed with boycotts and lawsuits. Their hollow do-gooder rhetoric hasn't helped.

Fortune

Gates Foundation Trust Quaffs $96 Million Of Bud Light Stock, Receives More Berkshire Hathaway

The Bill & Melinda Gates Foundation Trust bought $96 million worth of AB InBev during the Bud Light boycotts, and received more Berkshire Hathaway.

Investors Business Daily

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Bill Gates is backing Bud Light: He's betting nearly $100 million on embattled AB InBev

The brewer has taken a huge financial hit from a boycott of Bud Light following a promotion with transgender influencer Dylan Mulvaney.

Fortune

CEOs can't succeed if U.S. politics are broken

Companies need to identify the issues on which they'll take a stand. Waiting for a crisis will be too late.

Fortune

Companies will need a 'cold risk-reward calculus' when it comes to social issues, Edelman's CEO says. Here's what they should consider

In a polarized world, companies will need to be more cautious about their public stances, says Edelman CEO Richard Edelman.

Fortune

Bud Light has started to win over Americans again, according to a Deutsche Bank survey

Bud Light was caught in a heated controversy in April over a collaboration with transgender influencer Dylan Mulvaney which gutted sales.

Fortune

AB InBev Delivers Mixed Q2 Results As Bud Light Controversy Continues

The world’s largest brewer beat net income expectations but came in light on revenue.

Kiplinger

Bud Light parent AB InBev sees sales plunge $400 million in the U.S. following boycott

AB InBev, the world's largest brewer, has faced heat for an ad featuring a transgender influencer. Now, it's seeing the impact on Bud Light sales.

Fortune

Heineken CEO says businesses need to ‘stand for your values’ in wake of rival Bud Light’s transgender row

The Heineken CEO said that in an increasingly polarized world, it was important for companies to be "thoughtful" and "balanced."

Fortune

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Investors Business Daily

AB InBev Surges On Earnings Beat Despite Bud Light Boycott; Molson Coors Fizzles On Mixed Results

Molson Coors missed revenue estimates Tuesday. Bud Light maker AB InBev beat earnings. TAP stock is in buy range with BUD stock ailing.

Salon

Can DeSantis, Cruz take down Bud Light?

Both politicians are targeting the brand because of its partnership with transgender influencer Dylan Mulvaney

Zenger

DeSantis Targets AB InBev In Shareholder Lawsuit Amid Bud Light Controversy

Florida Governor DeSantis hints at shareholder lawsuit against AB InBev over Bud Light controversy.

Reason

Ron DeSantis Bullies Bud Light Like Elizabeth Warren Bullies Amazon

DeSantis talks a lot about freedom but increasingly only applies it to those who agree with him.

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Fortune

Ron DeSantis says Florida could sue Bud Light's parent AB InBev

In a bid to revive his struggling campaign, the culture wars governor shifts his aim from Bob Iger’s Disney to Anheuser-Busch.

Fortune

What Nike got right and Anheuser-Busch got wrong in Dylan Mulvaney controversies

Sarah Kate Ellis analyzes the fallout of a "battleground" Pride Month.

Fortune

GLAAD CEO says Bud Light overreacted to the Dylan Mulvaney backlash

AB InBev's reaction earned it the enmity of both sides.

The Independent UK

Czech brewer Budvar’s 2022 net profit is 40% down due to Russia's war in Ukraine and high inflation

The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, has registered a fall in its 2022 net profit and exports

Fortune

GLAAD CEO: When leaders look at LGBTQ rights as a human issue, not a political one, that’s when they win

Sarah Kate Ellis says Nike does a great job backing LGBTQ rights: "They show what it is to be human in all of it."

Fortune

AB InBev’s chief marketing exec calls boycott over its Bud Light beer an ‘important wake-up call’

The multinational brewer admitted it failed to 'really understand' the lager's core customer group after sales plummeted following an April 1st paid promotion by a transgender influencer.

Al Jazeera

Bud Light loses out on featuring transgender influencer Mulvaney

The media promotion by the beer maker led to a backlash of transphobic comments and a boycott by some drinkers.

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