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  • Major brands scaled back Pride Month campaigns in 2024. Here’s why that matters.

    Major brands scaled back Pride Month campaigns in 2024. Here’s why that matters.

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    Fifty-five years after a raid on New York City’s Stonewall Inn sparked riots that catalyzed the gay liberation movement and became a cornerstone of modern LGBTQ advocacy, Pride celebrations are bigger and bolder than ever. Meant to commemorate the Stonewall uprising each June, Pride Month in many parts of the world has grown into a four-week extravaganza marked by parades, parties, concerts and an array of cultural events that pay homage to its roots in free expression and identity.

    Corporations have cashed in on the festivities, especially since the U.S. legalized marriage equality in 2015.

    But this year, public-facing Pride campaigns at some of the world’s largest brands were quieter than usual. At other companies that previously had them, they were completely absent. Fewer public campaigns mean less visibility, which LGBTQ advocates and consumers in the community say can be dangerous in myriad ways.

    Last year’s conservative backlash

    “Corporate Pride” entered mainstream conversations last summer as a flashpoint in the political debate over LGBTQ rights and, specifically, rights for transgender students and young people. To that end, 527 bills to limit those rights were introduced between 2023 and 2024 in legislatures in all but nine U.S. states, according to the American Civil Liberties Union. Dozens have already passed.

    In the shadow of that legislative trend, and as the mounting election cycle continued to polarize the country on issues around queer and trans rights, a handful of the world’s most prominent brands contended with a firestorm of backlash over their Pride campaigns leading up to, and during, Pride Month last summer. 

    Some Target Stores Move LGBTQ Items To Lesser Seen Areas To Avoid Conservative Bashlash
    Pride Month merchandise is displayed at a Target store on May 31, 2023

    Justin Sullivan/Getty Images


    Attacks on Target and Anheuser-Busch, the parent company of Bud Light, were among the most visible. At Target, which had been releasing Pride-themed collections for more than a decade, some customers took aim at a swimsuit labeled “tuck-friendly” that was intended to be trans-inclusive. Social media users claimed the swimsuit was designed for children, even though Target only sold it in adult sizes. For Bud Light, a longtime supporter of the LGBTQ community, a collaboration with trans social media star Dylan Mulvaney stoked conservative fury.

    What began as disapproval from loud and impassioned fringe groups on the far right quickly spiraled into a wider crusade that at one point involved some Republican leaders, commentators and even some celebrities. Along with fierce calls for boycotts against both companies, Target said customers angered by the Pride collection had knocked over displays in some of its stores and gone so far as to threaten employees. In a viral video, one customer was seen confronting a Target worker over the brand’s “Satanic Pride propaganda.”

    Target initially responded to the backlash by moving Pride collections to the backs of its stores in several Southern states, while Anheuser-Busch CEO Brendan Whitworth addressed the controversy indirectly in a statement that said the company “never intended to be part of a discussion that divides people.” Leading LGBTQ organizations accused the brands of caving to conservative pressure at the expense of queer and trans people, in a moment where the allyship those companies claimed to value was being put to the test.

    Bud Light and Target each reported a drop in sales in the aftermath of the controversies, with one Target executive attributing the decline to the “strong reaction” to its Pride merchandise. 

    A toned-down Pride Month

    This year, Target announced it was cutting back on the number of stores that would carry Pride Month-related merchandise, after previously featuring the annual collection at all of its 2,000 or so locations. The Minneapolis-based corporation said the 2024 Pride line would be “in select stores, based on historical sales performance,” but available in its entirety online.

    “Target is committed to supporting the LGBTQIA+ community during Pride Month and year-round,” a Target spokesperson said in a statement to CBS News in May, noting Target’s programs to support queer employees and its internal plans to celebrate Pride in 2024.

    “Beyond our own teams, we will have a presence at local Pride events in Minneapolis and around the country, and we continue to support a number of LGBTQIA+ organizations,” the statement added.

    This was also the first year since 1999 without a Pride collection from Nike, which was historically a vocal ally. The company found itself facing criticism over a collaboration with Mulvaney leading up to Pride in 2023 and said it was turning its focus this year toward programming and ongoing support for the LGBTQ community in place of its traditional apparel line.

    “Nike exists to champion athletes and sport — and for us that means all bodies, all movement, and all journeys,” a Nike spokesperson said in a statement to CBS News. “Nike has a long history of standing with the LGBTQIA+ community, which focuses on uplifting, inspiring and educating through community grants, employee engagement, athlete partnerships, public policy, powerful storytelling, and products that celebrate the community.”

    “While there is no global Be True product collection for 2024, Nike remains deeply committed to this work,” the spokesperson said.

    A survey of executives at major corporations, including Fortune 500 companies, conducted earlier this year by Gravity Research found that one-third of the responding brands labeled “consumer staples” — like retail companies — planned to change their engagement strategies for Pride Month in 2024 compared with the approaches they took in 2023.

    LGBTQ organizations are taking a hit

    Advocates say Nike has built up its allyship behind the scenes — which, they emphasize, is what matters most — and it isn’t alone in doing so. 

    Still, as public-facing brand campaigns for Pride have partly fizzled, the consequences have trickled down to LGBTQ nonprofit organizations and LGBTQ influencers. Nonprofits have received fewer material resources from their corporate partners this year, according to Paul Irwin-Dudek, the deputy executive director for development at the LGBTQ advocacy organization GLSEN. And influencers said they’ve seen fewer commitments from clients since the 2023 controversy. 

    Around the time that Target announced its plans to scale down Pride displays in retail stores, the company also ended a decadelong partnership with GLSEN, which runs a huge network of programs centered around queer and trans youth as well as workplace inclusivity, said Irwin-Dudek. GLSEN helps companies shape their Pride campaigns, among other things.

    Irwin-Dudek told CBS News that other corporations took a step back from previous partnerships with the organization — and from Pride Month — this year because they didn’t know how to engage with it without becoming part of the Target narrative or facing additional blowback themselves.

    “At the end of the day, nobody wants to be part of that narrative,” said Irwin-Dudek. “I think, and I can say this across the entire landscape of queer organizations, we have all taken a hit to our revenues this year because of the setback that many corporate partners have done in the month of June.”


    Target pulls some LGBTQ+ Pride merchandise after backlash

    06:18

    Members of the LGBTQ community who spoke to CBS News — and who aren’t affiliated with any political or advocacy organization — were largely disappointed by this year’s diminished corporate Pride displays, but they weren’t surprised. It was evidence, several people believe, that companies will only be allies for as long as it’s comfortable and convenient for them.

    “We already had our criticisms of Pride being a hollow thing, and I think that’s what pushed brands to actually put more material support behind it and that meant that brands were listening to the queer audience about Pride, about how they could make Pride more inclusive or more reputable or legit,” said a 30-year-old queer and trans writer living in New York who asked not to be named. “So, the fact that they’re now listening and kowtowing to the right is very scary. Because suddenly we’re not in the demographic that they’re catering to. Regardless of whether the demographic they’re catering to is about money, it shows how they see our identities as being financially conditional.”

    “Rainbow washing” and corporate values

    Some research has shown that American consumers are twice as likely to buy from a brand or use its products if that brand publicly supports and shows commitment to the LGBTQ community. A December 2022 study from GLAAD, a prominent LGBTQ nonprofit that focuses on media monitoring and representation, and the Edelman Trust Institute, a think tank, found that most Americans expect businesses and their leadership to stand up for LGBTQ rights.

    For some companies, outward displays of support for LGBTQ rights and inclusivity during Pride are an extension of their support over the other 11 months of the year. 

    Other companies, however, roll out flashy Pride campaigns once a year without making sincere commitments to the people and issues they impact — drawing accusations of opportunistic advertising, virtue signaling and profitable exploitation. Some critics believe that launching arbitrarily Pride-themed product lines offends and belittles the cause that the merchandise claims to defend. 

    Some corporate attempts to make sales off of Pride Month with fleeting, and, by some accounts, haphazard, campaigns has fueled skepticism from LGBTQ consumers frustrated by the prevalence of “rainbow washing,” where Pride regalia is used as a profitable marketing tactic by brands that don’t offer lasting or meaningful support. Also called “pinkwashing” and “rainbow capitalism,” the practice is widely considered exploitative, and, with the rise of social media, it’s also becoming well known. Comedian Meg Stalter’s impersonation of a small-town butter shop employee who opens an ad with “Hi gay,” and says her business is “sashaying away with deals” for Pride Month, has been viewed almost 2.2 million times.

    “We know that our community is critical of companies who pop in to be supportive for one month out of the year and then leave,” said Meghan Bartley, the brand engagement lead at GLAAD. “It feels like we aren’t cared about as a community.”

    The British retailer Marks & Spencer’s notorious “LGBT sandwich” — a BLT with guacamole — is one example of the seemingly random array of goods that brands tend to refurbish in kaleidoscopic packaging come June, stamped with logos and taglines linked to Pride despite being evidently unrelated to it. Items that get the seasonal Pride treatment run the gamut from special edition lattes to Johnson & Johnson’s line of rainbow-packaged Listerine, and the list goes on. This year, iHeartRadio listeners in New York City who tuned in on June 1 would have heard a commercial for toilet paper tenuously crafted under the banner of Pride.

    Yet as imperfect as corporate Pride marketing can be, critics of rainbow washing or trivializing Pride displays largely agree that the opportunity to critique LGBTQ brand campaigns is a privilege, and many say the fact that those campaigns exist is usually better than them not existing at all.

    Many members of the LGBTQ community who talked to CBS News say that even rudimentary Pride displays, like rainbow flags or graphic T-shirts in a storefront window, provide some level of visibility that can help normalize LGBTQ identities and, ultimately, move the needle in terms of acceptance among people outside of the community. 

    Bartley, with GLAAD, echoed their sentiments and said the visibility that public Pride campaigns offer can have a measurable impact on the daily experiences of people who are closeted, or who’ve come out in an environment that doesn’t welcome who they are.

    “Greater visibility for Pride campaigns has allowed more and more people who are in our community, and maybe not comfortable coming out, understand that there’s a space for them to be accepted when they see more and more visibility and acceptance in their lived spaces,” said Bartley.

    The future of Pride campaigns

    Some corporations that push Pride campaigns have made an effort to be allies beyond Pride Month alone.

    Johnson & Johnson’s thematic Listerine bottle was released in 2019 as part of its ongoing “Care With Pride” initiative, which partners with LGBTQ advocacy groups to foster an inclusive workplace and has so far donated at least $1 million to LGBTQ nonprofit organizations, according to the company. The Human Rights Campaign, an LGBTQ advocacy group, has also ranked Johnson & Johnson as one of the best places in the U.S. for queer people to work.

    Disney, Hollister, REI and Proctor and Gamble are a few more brands that advocacy groups have commended for taking steps toward consistent allyship — both publicly and behind the scenes. 

    When looking at the overall landscape, the LGBTQ advocacy groups that talked to CBS News don’t believe corporate Pride campaigns will disappear in the long term.

    Both Irwin-Dudek and Bartley said companies can change their ethos by ensuring LGBTQ people are at the table whenever marketing plans are conceived and developed for Pride, whether they’re employees of the company or outside resources. And Eric Bloem, vice president of programs and corporate advocacy at the Human Rights Campaign, told CBS News in a statement that the organization’s own research shows “that the business environment, despite the best efforts of fringe groups to derail long-standing principles of inclusion, has and always will be pro-equality.”

    CBS News has reached out to Target, Disney and Anheuser-Busch for comment.

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  • Trump says Bud Light should be given a

    Trump says Bud Light should be given a

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    Bud Light controversy cost $395 million in sales


    Bud Light controversy cost $395 million in sales

    00:22

    Former President Donald Trump is asking his supporters to give Anheuser-Busch a “second chance” after Bud Light’s marketing promotion last year with transgender TikTok star Dylan Mulvaney sparked a backlash among some customers.

    Some conservatives, including singers Kid Rock and Travis Tritt, vowed to boycott Bud Light over its teaming up with Mulvaney, causing sales to tumble and toppling the beer brand from its perch at the time as America’s best-selling brew. 

    Trump’s message comes just days before the Super Bowl, when Bud Light will return to the championship game with a humorous ad and a chance to make its pitch to hordes of beer drinkers. In a post Tuesday on Truth Social, Trump called Anheuser-Busch’s promo with Mulvaney “a mistake of epic proportions, and for that a very big price was paid.”

    But, he added, “Anheuser-Busch is not a woke company.” He also went on to praise the beverage giant’s efforts to support farmers and create jobs, including employment for U.S. veterans. “Anheuser-Busch is a Great American Brand that perhaps deserves a Second Chance?” he added.

    Shares of Anheuser-Busch rose 2% in premarket trading. The company didn’t immediately return a request for comment.

    Sales of Bud Light plunged 20% in 2023, according to data from Bump Williams Consulting. The slump has continued into 2024, with sales down 29.4% in the first four weeks of the year, the firm said.


    Anheuser-Busch CEO: Bud Light should be bringing people together

    07:52

    In an email to CBS MoneyWatch, Bump Williams said sales of the beer brand “are still not looking too strong for Bud Light across America.”

    “[W]e will see if former President Trump’s social media support on the brand will change that,” he added. 

    Anheuser-Busch CEO Michael Doukeris said in an October earnings call that its U.S. sales fell 13.5% in the third-quarter, which he blamed partly on lower Bud Light sales. He added that the company’s research found that its customers “want their beer without a debate.”

    Trump’s post on Truth Social comes shortly before a planned fundraising event for Trump in March that will be hosted by a lobbyist for Anheuser-Busch, according to Politico.

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  • Bill Gates Has Already Lost Millions On His Bud Light Comeback Bet

    Bill Gates Has Already Lost Millions On His Bud Light Comeback Bet

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    Bill Gates, the seventh-richest person in the world according to the Forbes 2023 list, has been losing money on one of his latest investment bets.

    Gates, who amassed his wealth by cofounding and leading Microsoft Corp. for decades before retiring in 2008, has since focused on investing in private corporations and publicly traded companies.

    In the fiscal second quarter of 2023, Gates purchased over 1.7 million shares of Anheuser-Busch InBev (NYSE:BUD), maker of popular beer brands including Bud Light and Corona. Headquartered in Brussels, Anheuser-Busch InBev is the world’s largest brewer and one of the largest alcohol companies globally.

    But Anheuser-Busch InBev has been stirring up controversy over the past couple of months after it hired transgender influencer and social media personality Dylan Mulvaney to promote Bud Light on Instagram. This caused the Belgian brewery’s popularity in the U.S. to deteriorate, with many prominent personalities calling for a boycott of its signature Bud Light beer.

    Don’t Miss:

    Anheuser-Busch InBev’s Performance So Far In 2023

    In the second quarter that ended June 30, AB InBev’s U.S. revenue plummeted by 10.5%, primarily because of Bud Light’s declining sales volume. The company’s core profit fell by 28.2%, while total global sales volume fell 1.4% year over year in the last reported quarter. However, the company’s strong global presence allowed it to offset losses from the U.S., as its total revenue rose 7.2% year over year.

    While AB InBev’s normalized earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 5% year over year in the same period, its net profits and earnings per share (EPS) declined compared to the second quarter of 2022.

    Constellation Brands Inc.’s Modelo became the top-selling beer in the United States in May during the height of the Bud Light controversy, as AB InBev’s sales plunged by nearly 25%.

    AB InBev aimed to distance itself from Mulvaney’s social media post following the controversy, which was also off-putting to many progressives. The world’s largest brewer essentially “managed to alienate both conservatives and progressives in one fell swoop,” according to Zak Stambor, a senior analyst at Insider Intelligence.

    AB InBev’s Pivoting Strategy To Regain Momentum

    “In the U.S., we are listening and actively engaging with our consumers,” AB InBev CEO Michel Doukeris said during a quarterly earnings call. “They want to enjoy their beer without a debate, they want us to focus and concentrate on platforms that all consumers love.”

    To this end, the company surveyed Bud Light consumers through a third party and found that approximately 80% of the 170,000 respondents remained neutral or favorable.

    AB InBev also determined through engagement with its U.S. customers that they want “their beer without a debate” and “Bud Light to focus on beer.”

    The company’s efforts to put the controversy behind it are expected to be fruitful in the near term, as analysts expect AB InBev’s revenue and EPS to improve sequentially in the about-to-be-reported third quarter. The consensus revenue estimate of $15.71 billion for the third quarter ended Sept. 30 indicates a 2.2% improvement quarter-over-quarter. In addition, analysts estimate AB InBev’s EPS to amount to $0.83 in the last quarter, up from $0.68 generated in the second quarter.

    Gates’ Portfolio: YTD Performance

    Gates acquired 1,703,000 million shares of AB InBev in the second quarter for nearly $100 million through the Bill & Melinda Gates Foundation Trust. However, with AB InBev’s share price falling because of the recent controversy and declining sales in the U.S., Gates has lost over $6 million on his investment in the beer company.

    While Gates’s recent investment is in the red, his other investments, notably in Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK), have surged by over 9% year to date. As of June 30, Gates owns nearly 25.14 million shares of Berkshire Hathaway, which accounts for 20.4% of his portfolio.

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    This article Bill Gates Has Already Lost Millions On His Bud Light Comeback Bet originally appeared on Benzinga.com

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    © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Anheuser-Busch to lay off hundreds of workers amid slumping sales of Bud Light

    Anheuser-Busch to lay off hundreds of workers amid slumping sales of Bud Light

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    Inside the Bud Light-Dylan Mulvaney backlash


    Bud Light and Dylan Mulvaney: Why the extreme backlash from a single social media post?

    06:50

    Anheuser-Busch InBev is laying off hundreds of employees as it grapples with months of slumping sales for Bud Light. 

    In a statement, Anheuser-Busch said it is eliminating close to 2% of workers “across every corporate function.” That represents about 380 of AB InBev’s roughly 19,000 employees.

    Sales of Bud Light took a hit after the company designed a marketing campaign in April with social media star and trans rights activist Dylan Mulvaney. Amid calls from some conservatives for a boycott, Bud Light lost its longtime ranking in May as the nation’s best-selling beer, with rival Modelo Especial taking the lead.

    “While we never take these decisions lightly, we want to ensure that our organization continues to be set for future long-term success,” Anheuser-Busch Chief Executive Brendan Whitworth said in the statement. “These corporate structure changes will enable our teams to focus on what we do best — brewing great beer for everyone.”


    Anheuser-Busch CEO on Bud Light boycotts, his company’s reponse and comeback strategy

    09:04

    The layoffs will not impact brewery workers, drivers, field salesman or warehouse staff, the company said.

    The promotion with Mulvaney entailed an Instagram post by the social media influencer, in which she revealed a commemorative Bud Light can with her face on it, celebrating her “365 days of girlhood” series on her transition. That single post sparked an outcry from some conservatives, including singers Kid Rock and Travis Tritt, who called for a boycott of the popular beer. (Several media outlets have since reported that the brand has not been removed from the menu at Rock’s Nashville bar where the beer is still being served, according to CNN correspondent Ryan Young.

    Meanwhile, members of the LGBTQ+ community have also called for boycotts, saying they have been disappointed by the brand’s rigorous attempts to distance itself from Mulvaney and the original marketing message.

    Even though Bud Light was no longer the nation’s top selling beer in May, the brand has still sold more beer than any other brew so far this year, according to beverage industry experts.

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  • Ron DeSantis threatens Anheuser-Busch over Bud Light marketing campaign with Dylan Mulvaney

    Ron DeSantis threatens Anheuser-Busch over Bud Light marketing campaign with Dylan Mulvaney

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    Florida Gov. Ron DeSantis is hinting at legal action against Bud Light’s parent company, Anheuser-Busch InBev, for the beer brand’s promotion earlier this year with TikTok star Dylan Mulvaney.

    Bud Light’s March Madness promotion with Mulvaney, a transgender actress and activist, sparked an uproar among some conservatives, including singers Kid Rock and Travis Tritt, who called for a boycott of the popular beer. An ongoing sales slump for Bud Light has been attributed to backlash from both conservatives and the LGBTPQ community over the marketing campaign.

    In an interview Thursday with Fox News, DeSantis said that Florida’s pension fund contained over $50 million worth of Anheuser-Busch shares. Bud Light’s decision to team with Mulvaney was followed by a sales slump, and as a result the state’s pension fund has suffered collateral damage, according to the 2024 presidential candidate. 

    “When you start pursuing a political agenda at the expense of your shareholders, that’s not just impacting very wealthy people, it impacts hardworking people who were firefighters, police officers and teachers,” DeSantis told Fox News.

    “And it could be something that leads to a derivative lawsuit filed on behalf of the shareholders of the Florida pension fund,” he added. “Because, at the end of the day, there’s got to be penalties for when you put business aside to focus on your social agenda at the expense of hardworking people.”

    DeSantis didn’t say how much the pension fund has lost from its Anheuser-Busch investments. Derivative lawsuits are filed by shareholders on behalf of a company against a corporation’s directors or officers alleging breach of their fiduciary duties.

    “Radical social ideologies”

    The governor on Thursday also sent a letter to Florida’s State Board of Administration (SBA), which manages its pension fund, asking staff “to review how AB InBev’s conduct has impacted and continues to impact the value of SBA’s AB InBev holdings.” 


    Bud Light and Dylan Mulvaney: Why the extreme backlash from a single social media post?

    06:50

    In the letter, DeSantis said AB InBev has struggled recently because the company decided “to associate its Bud Light brand with radical social ideologies.”

    “It appears to me that AB InBev may have breached legal duties owed to its shareholders and that a shareholder action may be both appropriate and necessary,” DeSantis wrote. 

    When reached for comment by CBS MoneyWatch, a spokesperson for Anheuser-Busch said, Anheuser-Busch InBev takes our responsibility to our shareholders, employees, distributors and customers seriously. We are focused on driving long-term, sustainable growth for them by optimizing our business and providing consumers products to enjoy for any occasion.”

    Brendan Whitworth, CEO of Anheuser-Busch, told CBS Mornings last month that the company is sending financial assistance to distributors and wholesalers affected by the slump in Bud Light sales since Mulvaney’s social media video went viral. Whitworth added that ABI plans to triple its investment in Bud Light this year as the company launches its upcoming summer campaign and prepares for the NFL season. 

    Bud Light sales dropped 28% for the week ending June 24, compared with the same period last year, according to beverage industry research firm Bump Williams Consulting. That amounts to a decline in revenue of roughly $26 million for Anheuser-Busch, according to data from consumer behavior data analytics firm Circana.

    AB InBev’s stock price has fallen 14% since the Mulvaney promotion in late March, with the company losing $16 billion in market value over period. Florida’s pension fund contained more than 682,000 shares of AB InBev at the end of March, valued at the time at nearly $46 million, CNN reported


    Budweiser releases new ad amid backlash over partnership with Dylan Mulvaney

    06:39

    DeSantis is also at the center of an ongoing dispute with the Walt Disney Co. about how much authority the entertainment giant has over land near its theme parks in Orlando, Fla.

    DeSantis has been on the campaign trail in recent weeks, hoping to position himself as the front runner for the Republican presidential nomination in 2024. He visited South Carolina earlier this week and landed in Utah on Friday in a push to re-energize his campaign, which has lost momentum

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  • Dylan Mulvaney addresses backlash from Bud Light partnership in new video

    Dylan Mulvaney addresses backlash from Bud Light partnership in new video

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    Transgender TikTok star Dylan Mulvaney said Bud Light failed to support her or even reach out after she became the focus of conservative backlash stemming from a video she posted featuring a personalized can sent to her by the company.

    “For a company to hire a trans person and then not publicly stand by them is worse, in my opinion, than not hiring a trans person at all,” Mulvaney said in a video on Thursday. “It gives customers permission to be as transphobic and hateful as they want.”

    The 26-year-old, who has 10.6 million followers on TikTok, detailed her experience working with Bud Light, a company she said she loved. Mulvaney said she filmed one Instagram video on April 1 with a customized Bud Light can that had her face on it, which she said the company sent her.

    “I’m bringing it up because what transpired from that video was more bullying and transphobia than I could have ever imagined,” Mulvaney said.

    She said she took time to respond to the backlash because she was waiting for the anger to die down and for the brand to reach out to her — two things that haven’t happened, according to the social media star.

    “I should have made this video months ago, but I didn’t and I was scared and I was scared of more backlash,” Mulvaney said. “I patiently waited for things to get better, but surprise, they haven’t really. And I was waiting for the brand to reach out to me, but they never did.”

    Mulvaney, who grew her social media presence with her “Days of Girlhood” series, said the hate she’s received because of the collaboration has made her feel personally guilty for what happened and fearful for her safety.

    “For months now, I’ve been scared to leave my house, I have been ridiculed in public, I’ve been followed,” the influencer said. “I have felt a loneliness that I wouldn’t wish on anyone.”

    She also noted that the online attacks directed at her have reverberated throughout the trans community.

    “The hate doesn’t end with me. It has serious and grave consequences for the rest of our community,” Mulvaney said. “To turn a blind eye and pretend everything is okay, it just isn’t an option right now.”

    Mulvaney lamented that LGBTQ+ rights and support are still considered controversial.

    “There should be nothing controversial or divisive about working with us,” she said. “Caring about the LGBTQ+ community requires a lot more than just a donation somewhere during Pride Month.”

    A spokesperson for Bud Light parent company Anheuser-Busch told CBS News in a statement, “We remain committed to the programs and partnerships we have forged over decades with organizations across a number of communities, including those in the LGBTQ+ community. The privacy and safety of our employees and our partners is always our top priority. As we move forward, we will focus on what we do best – brewing great beer for everyone and earning our place in moments that matter to our consumers.”

    Anheuser-Busch did not address whether or not it or Bud Light had reached out to Mulvaney since the controversy began.  

    In a “CBS Mornings” interview on Wednesday, Anheuser-Busch CEO Brendan Whitworth avoided answering whether he would send the personalized can to Mulvaney again if he had the chance to do things over again. He said the company is sending financial assistance to distributors and wholesalers affected by the dip in sales since Mulvaney’s video. 

    Whitworth also said that the impact on the company’s employees is what “weighs most on me.”

    Bud Light has seen a decline in sales since collaborating with Mulvaney, recently losing its long-held spot as the best-selling beer in the U.S.

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  • Anheuser-Busch CEO Brendan Whitworth says financial assistance is being sent to wholesalers, beer distributors impacted by boycott backlash

    Anheuser-Busch CEO Brendan Whitworth says financial assistance is being sent to wholesalers, beer distributors impacted by boycott backlash

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    The CEO of Anheuser-Busch, the parent company of Bud Light, said financial assistance has already begun being sent to wholesalers and beer distributors affected by a two-month sales decline caused by an ongoing customer boycott.

    Brendan Whitworth acknowledged his accountability as CEO for the repercussions faced by employees, consumers, and distributors due to the backlash that began in response to a video posted on Instagram by transgender social media star Dylan Mulvaney. The video showcased personalized Bud Light cans Mulvaney received as a “gift” according to Whitworth.

    Bud Light, which had held the distinction of America’s top-selling beer for over two decades, lost its position to Modelo in May, signifying a significant shift in the beer market. 

    “I think it’s the impact, honestly on the employees that weighs most on me. Again, as I mentioned, seeing the pride and the commitment that they have, working on behalf of 165-plus-year-old American institution is what gives us energy as we look to move forward and focus on what we do best,” Whitworth, told “CBS Mornings” exclusively. 

    Conservatives like Kid Rock and Travis Tritt joined the uproar, calling for a boycott of the popular brew. Viral videos even showed people shooting and dumping Bud Light cans. As a result, many members of the LGBTQ+ community also joined the boycott, upset with how Anheuser-Busch distanced itself following the backlash through a series of statements. 

    When asked about Bud Light’s stance on LGBTQ+ rights, Whitworth highlighted the company’s history of supporting the queer community since 1998. He stressed their commitment to supporting organizations and communities they’ve been associated with for years while focusing on their product. 

    “As we move forward, we want to focus on what we do best, which is brewing great beer for everyone, listening to our consumers, being humble in listening to them, making sure that we do right by our employee, take care and support our partners, and ultimately make an impact in the communities that we serve,” he said. 

    Despite the recent setbacks, Whitworth said Anheuser-Busch plans to triple its investment in Bud Light this year as they launch their upcoming summer campaign and prepare for the upcoming NFL season. 

    “Over the last month we’ve talked to over 100,000 consumers and their feedback is very clear. What is it? The feedback is to reinforce what Bud Light has always meant to them, which is good times goodwill, and easy enjoyment,” he said. 

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  • Bud Light releases new ad following Dylan Mulvaney controversy. Here’s a look.

    Bud Light releases new ad following Dylan Mulvaney controversy. Here’s a look.

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    Inside the Bud Light-Dylan Mulvaney backlash


    Bud Light and Dylan Mulvaney: Why the extreme backlash from a single social media post?

    06:50

    Bud Light has unveiled a new advertisement, further distancing itself from its disastrous partnership with transgender TikTok star Dylan Mulvaney that continues to hurt sales.

    The beer brand’s nostalgia-packed ad, released Thursday on Youtube, features beachgoers, fishermen and cookout attendees enjoying Bud Light beer as they weather seasonal challenges like sunburn, heat and thunderstorms. The ’70s disco hit “Good Times” by Chic provides the soundtrack for the 60-second spot. 

    Bud Light, which is owned by liquor giant Anheuser-Busch InBev, has disabled the video’s comment section on YouTube. The spot has racked up more than 100,000 views as of publication time. 

    This latest commercial follows the brand’s  “Easy to Drink, Easy to Enjoy” ad that debuted during this year’s Super Bowl. The promo features actor Miles Teller from “Top Gun: Maverick” dancing in a living room with his his real-life wife, Keleigh Sperry, and their dog, Bugsy, after cracking open two cans of Bud Light.


    Bud Light | Easy to Summer by
    Bud Light on
    YouTube

    The brand’s shift in tone comes amid ongoing backlash for its collaboration with “365 Days of Girlhood” chronicler Mulvaney for a March Madness promo earlier this year. Right-wing media and anti-trans viewers criticized the sponsored content on social media and called for a boycott of the beer. Some viewers even threatened violence against the executives behind the partnership. 

    The company’s attempt to distance itself from the campaign caused further backlash from the LGBTQ+ community, with some bars pulling all Anheuser-Busch products from their menu.

    Bud Light sales have fallen sharply amid ongoing boycotts, dropping more than 23% for the week of April 29 compared to the year-ago period, according to data from Bump Williams Consulting. In May, the popular brand lost its title as America’s best-selling beer to Constellation Brands’ Modelo Especial. Analysts also downgraded the Anheuser-Busch’s stock. 

    Anheuser-Busch CEO Brendan Whitworth has lamented Bud Light’s marketing misstep, saying the brand “never intended to be part of a discussion that divides people” in an apology that also drew criticism from LGBTQ organizations. 

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  • Bud Light is no longer America’s best-selling beer. Here’s why.

    Bud Light is no longer America’s best-selling beer. Here’s why.

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    Bud Light sales plunged in May, toppling the beer brand from its longtime perch as the nation’s best-selling brew.

    Parent company Anheuser-Busch InBev (ABI) sold $297 million worth of Bud Light for the four weeks ending May 28 — a 23% drop from the same time period the year before, according to consumer behavior data analytics firm Circana. Modelo Especial ranked No.1 in May, with $333 million in sales — a 15% increase from 2022.

    The sales drop for Bud Light follows a promotion debacle with TikTok star Dylan Mulvaney, a trans rights activist and actress, that sparked an uproar among conservatives including singers Kid Rock and Travis Tritt, who called for a boycott of the popular beer. 


    Budweiser releases new ad amid backlash over partnership with Dylan Mulvaney

    06:39

    Anheuser-Busch’s Global CEO, Michel Doukeris, said last month on an investor call that Budweiser was still experiencing conservative backlash over the episode, in part because the public mistakenly believed it had a long-term partnership with the social media influencer.

    The company’s attempt to distance itself from the campaign caused further backlash, this time from the LGBTQ+ community, with some bars pulling all Anheuser-Busch products from their menu.

    ABI did not immediately respond to a request for comment Thursday.

    “Serious course correction” needed

    To be sure, Bud Light is still enormously popular and has sold more cases than any competitor year to date, but the Mulvaney fiasco threatens to change that, according to Bump Williams Consulting, which tracks the alcohol industry. 

    “Unless Bud Light starts to experience a serious course correction in terms of performance, which can only come from consumers finding their way back into the brand family, then that firm grip on the No. 1 rank by year-end loosens a bit more every week,” Dave Williams, vice president of analytics and insights at Bump Williams Consulting, told CBS MoneyWatch. 

    Williams pointed out that Bud Light had been the best-selling beer prior to May, and if it can reverse its sales decline, the brand could regain its top spot, he added.

    Modelo Especial is a pilsner-style lager that began nearly 100 years ago in Mexico. Constellation Brands bought Modelo from ABI in 2013. Since then, Constellation has prioritized sales of Modelo, specifically by making sure stores never run out of stock, Williams said. 

    According to Circana, the top-selling beer brands in the U.S. in May included: 

    • Modelo Especial ($333.1 million)
    • Bud Light ($297.3 million)
    • Michelob Ultra ($267.6 million)
    • Coors Light ($241 million)
    • Miller Lite ($216.4 million)

    Constellation also plans to increase the brand’s sales by introducing “Modelo to new consumers through increased distribution and presence at retail,” a company spokesperson told CBS MoneyWatch on Thursday.

    Summer sales heat up competition

    The next two months will be crucial for Bud Light sales as the summer ushers in more holidays and beer-drinking, Williams said. Breweries also use the summer to place more in-store displays at grocers and gas stations, he added. 

    “Companies invest a lot into being front and center and top of mind during this season as there is only so much floor space to allocate; consumer money to spend and beer occasions to fulfill,” Williams said. “And if a brand misses those opportunities, then that is almost impossible to fully recover that lost potential over the balance of the calendar year.”

    One place Bud Light won’t be in short supply: Friends in Low Places, a bar in Nashville owned by country music singer Garth Brooks. 

    “We’re going to serve every brand of beer. We are,” the star said at a live Q&A event with Billboard. “It’s not our decision to make.”

    Brooks told the audience that he wants to encourage inclusive behavior at his bar and that those who do not wish to comply can take their business elsewhere.

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  • Bud Light sales keep slipping. But it remains America’s top-selling beer | CNN Business

    Bud Light sales keep slipping. But it remains America’s top-selling beer | CNN Business

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    New York
    CNN
     — 

    Roughly two months after Bud Light endured a self-induced injury that torpedoed sales, the brand continues to lose ground to its competition. But there are signs the worst might be over.

    Sales for the week leading into Memorial Day weekend fell 23.9% from the same period a year ago. That constitutes a slight improvement compared to the week prior when sales were 25.7% lower than a year earlier. That could indicate that the “bottom has been hit and we are seeing a turn-around in performance,” according to Bump Williams, an alcohol industry expert.

    For the past several weeks, Bud Light sales declines have hovered around 25% weekly because of customer revolt following an Instagram partnership with transgender influencer Dylan Mulvaney. A single can bearing her face was given to her for a post, but some right-wing media attacked the brand, and some social media posts spewed transphobic comments.

    Anheuser-Busch’s tepid statement about the controversy also angered some LGBTQ+ groups.

    In response, Anheuser-Busch

    (BUD)
    said it was bolstering marketing on Bud Light and would offer rebates to customers. Last weekend, the company offered $15 back on 15-packs of beer, leading to cases priced as low as $1.50 in some states, which Williams said contributed to part of its minor turnaround.

    Still, Bud Light remains the top-selling beer in America, according to NIQ data provided to CNN by Williams. NIQ measures sales at convenience, liquor and grocery stores across the United States. Bud Light has made up 35.1% of domestic beer sales this year (through May 27), according to NIQ. That easily beats No. 2 Coors Light, which controls 21.6% of the market.

    Although Bud Light’s share of the domestic beer market has slipped considerably over the past couple months, it remains in the lead. In the week ended May 27, Bud Light controlled 28.8% of the market, compared to Coors Light, which made up 25.6% of overall sales, NIQ reported.

    The biggest beneficiaries of Bud Light’s slipping sales continue to be MolsonCoors’ Miller Light and Coors Light, with sales up a whopping 26% and 23% respectively, according to NIQ. Beer Business Daily reported Monday that some distributors are reporting shortages, but a company spokesperson told CNN that its supply is strong for the summer.

    Another bright spot is Modelo, distributed by Constellation Brands

    (STZ)
    . Sales of its Modelo Especial and its recently launched low-carb beer Modelo Oro are strong, with sales up 9.5% and its share of the total beer category surpassing Bud Light last week, Williams said. He added that it’s “not a surprise” because of a halo effect from Cinco de Mayo and heavy advertising supporting its Oro launch.

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  • AB InBev Stock Falls Again as Controversy Continues to Exact Toll

    AB InBev Stock Falls Again as Controversy Continues to Exact Toll

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    • Order Reprints

    • Print Article

    It’s another down day for


    Anheuser-Busch InBev


    putting the stock on pace for its worst month in nearly two years.


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  • The US dollar is at a crossroads | CNN Business

    The US dollar is at a crossroads | CNN Business

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    A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.


    New York
    CNN
     — 

    Wall Street investors are reaching for their neck braces in preparation for yet another volatile swing in stock markets: A surging US dollar.

    The greenback — which is not just the dominant global currency but also “the key variable affecting global economic conditions,” according to the New York Federal Reserve — reached a 20-year high last year after the Fed turned hawkish with its aggressive rate hikes.

    Since then, inflation seemed to have softened, pushing the dollar down. But in recent weeks, as a slew of economic data has shown the Fed’s inflation battle is far from over, the currency soared by about 4% from its recent lows, and now sits near a seven-week high.

    Investors are stressing about this sudden rebound, since a stronger dollar means American-made products become more expensive for foreign buyers, overseas revenue decreases in value and global trade weakens.

    Multinational companies, naturally, aren’t thrilled about any of this. And around 30% of all S&P 500 companies’ revenue is earned in markets outside the US, said Quincy Krosby, chief global strategist for LPL Financial.

    What’s happening: The US dollar “finds itself at a significant crossroads yet again,” said Krosby. “While the Fed remains steadfastly data dependent, the dollar’s course as well remains focused on inflation and the Fed’s monetary response.”

    “The strong US dollar has been a headwind for international earnings and stock performance (for US investors),” wrote Wells Fargo analysts in a recent note.

    February was a rough month for markets: The Dow ended February down 4.19%, the S&P 500 fell 2.6% and the Nasdaq lost just over 1%.

    What’s next: Investors are clearly focused on the next Fed policy meeting, which is still three weeks away, for signals about the direction of rates. But until then, investors may gain some insight Tuesday when Fed Chairman Jerome Powell speaks before the Senate Banking Committee.

    They’ll also be watching next Friday’s jobs report for any softening in the labor market that could temper the Fed’s hawkish mood.

    Don’t forget the debt ceiling: Another significant threat to the dollar is looming in Congress — the ongoing debt ceiling fight. The United States could start to default on its financial obligations over the summer or in the early fall if lawmakers don’t agree to raise the debt limit — its self-imposed borrowing limit — before then, according to a new analysis by the Bipartisan Policy Center.

    That could potentially lead to a disastrous downgrade to America’s credit rating and could send the dollar spiraling as investors start to sell off their US assets and move their money to safer currencies.

    “It would certainly undermine the role of the dollar as a reserve currency that is used in transactions all over the world. And Americans — many people — would lose their jobs and certainly their borrowing costs would rise,” Treasury Secretary Janet Yellen told CNN in January.

    ▸ A lot has changed in the last twenty years. The gender pay gap hasn’t.

    In 2022, US women on average earned about 82 cents for every dollar a man earned, according to a new Pew Research Center analysis of median hourly earnings of both full- and part-time workers.

    That’s a big leap from the 65 cents that women were earning in 1982. But it has barely moved from the 80 cents they were earning in 2002.

    “Higher education, a shift to higher-paying occupations and more labor market experience have helped women narrow the gender pay gap since 1982,” the Pew analysis noted. “But even as women have continued to outpace men in educational attainment, the pay gap has been stuck in a holding pattern since 2002, ranging from 80 to 85 cents to the dollar.”

    ▸ Initial jobless claims, which measures the number of people who filed for unemployment insurance for the first time last week, are due out at 8:30 a.m. ET on Thursday.

    This will be the last official jobs data investors see before February’s heavily anticipated unemployment report next Friday.

    Economists are expecting 195,000 Americans to have filed for unemployment, which is higher than the seasonally adjusted 192,000 who applied two weeks ago.

    Initial claims have come in lower than expected in recent weeks and remain well below their pre-pandemic levels.

    The white-hot labor market in the US added more than 500,000 jobs in January, blowing analysts’ expectations out of the water and bringing the unemployment rate to its lowest level since May of 1969.

    That’s bad news for the Federal Reserve where policymakers have been attempting to tame inflation by cooling the economy through painful interest rate hikes.

    ▸ It’s a big day for groceries. Kroger (KR), Costco (COST) and Anheuser-Busch (BUD) all report earnings on Thursday.

    Investors will be watching closely for clues about consumer sentiment during an uncertain retail earnings season. On Tuesday, Kohl’s reported that it had a rough holiday season and executives at the company put the blame on inflation. The company said higher prices squeezed sales and forced it to mark down some products to entice shoppers — which hurt its profit margin.

    Those comments echoed those of other big box retailers like Walmart (WMT) and Target (TGT), who have said consumers are feeling the pinch of inflation.

    Still, Target and Walmart’s bottom lines were bolstered by food sales even as consumers pulled back on discretionary purchases.

    The US Senate voted on Wednesday to overturn a Biden administration retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other ESG factors when picking investments.

    As my CNN colleagues Ali Zaslav, Clare Foran and Ted Barrett write: The rule is not mandated – it allows, but does not require, the consideration of environmental, social and governance factors in investment selection.

    Republicans complained that the rule is a “woke” policy that pushes a liberal agenda on Americans and will hurt retirees’ bottom lines.

    “This rule isn’t about saying the left or the right take on a given environmental, social, or governance issue is ‘correct,’” countered Senator Patty Murray (D-WA) on the Senate floor Wednesday. “It’s about acknowledging these factors are reasonable for asset managers to consider.”

    The measure will next go to President Joe Biden’s desk as it was passed by the House on Tuesday. The administration, however, has issued a veto threat. As a result, passage of the resolution could pave the way for Biden to issue the first veto of his presidency.

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  • Molson Coors’ funny ad went too far, regulator says | CNN Business

    Molson Coors’ funny ad went too far, regulator says | CNN Business

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    New York
    CNN
     — 

    Beer ads try to be funny, but a regulatory group has determined that Molson Coors went too far with a recent ad that compares rivals’ light beer to water.

    The National Advertising Division, which is part of the Better Business Bureau, sided with Anheuser-Busch, which challenged a 2022 ad for Miller Lite that uses the phrase “light beer shouldn’t taste like water, it should taste like beer.” The agency said that Molson Coors should “discontinue” the ad because is “not puffery or a mere opinion.”

    In the 15-second spot, a cyclist takes a break from riding uphill, cracks open a beer and douses himself with it. No specific beers were mentioned, however the beer uses a similar blue color that adorns Bud Light packaging. NAD said that it “determined that tasting ‘like water’ is a measurable attribute” and that customers might “reasonably expect that the statement is supported by such evidence.”

    NAD said the ad should be discontinued because Molson Coors “did not submit evidence supporting the claim that any other light beers ‘taste like water.’”

    In response, Anheuser-Busch said it “appreciates” NAD’s decision.

    “True stewards of the beer industry should be working together to strengthen the beer category instead of resorting to misleading attacks that denigrate products enjoyed by millions of beer drinkers,” an Anheuser- Busch spokesperson said in a statement.

    Molson Coors is appealing the decision, saying it “vehemently disagrees with this decision because we believe light beer should taste like beer, not water, and we are well within our right to share that belief.” A spokesperson also questioned to Anheuser-Busch’s “sudden concern” with the ad since it hasn’t aired since last August.

    NAD’s decisions aren’t legally binding, however most advertisers comply with their decision. If an advertiser doesn’t comply, the ads are referred to the Federal Trade Commission for further scrutiny.

    This isn’t the first time Molson Coors and Anheuser-Busch, which are the top-selling beer makers in the US, have challenged each other. Molson Coors sued Anheuser-Busch in 2019 over Super Bowl ads that accused the Miller Lite and Coors Light maker for saying its beer was sweetened with rice rather than corn syrup. The case was dismissed.

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  • What is Bud Zero, the only beer Budweiser can sell at the World Cup? | CNN Business

    What is Bud Zero, the only beer Budweiser can sell at the World Cup? | CNN Business

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    New York
    CNN Business
     — 

    In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. That leaves fans with just one “beer” choice — albeit one that isn’t boozy.

    Soccer fans will still be able to purchase Bud Zero, an alcohol-free lager that Anheuser-Busch says tastes similar to its best-selling alcoholic beverage.

    One serving of Bud Zero has 0 grams of sugar and 50 calories. The beer, which is Bud’s first ever zero alcohol beer, launched in the United States two years ago, targeting a growing trend of people choosing non-alcoholic beers.

    Non-alcoholic alternatives to booze have been around for a while, but the sector has been booming lately. The non-alcoholic trend started to pick up a year or two before the pandemic and has continued to grow at a rapid clip. Demand for non-alcoholic alternatives has been largely driven by younger consumers.

    Qatar is a Muslim country that is considered to be very conservative, and tightly regulates alcohol sales and usage. In September, officials said ticketed fans would be able to buy alcoholic beer three hours before kickoff and for one hour after the final whistle, but not during the match.

    “Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from Qatar’s FIFA World Cup 2022 stadium perimeter,” said FIFA, soccer’s governing body, in a statement Friday.

    FIFA noted that the decision will have “no impact” on sales of Bud Zero.

    Budweiser tweeted, “Well, this is awkward,” though the social media post was quickly deleted.

    “As partners of FIFA for over three decades, we look forward to our activations of FIFA World Cup campaigns around the world to celebrate football with our consumers,” an Anheuser-Busch InBev spokesperson said in a statement. “Some of the planned stadium activations cannot move forward due to circumstances beyond our control.”

    It is indeed slightly awkward for AB InBev, which is a major sponsor of the World Cup, and was planning to selling regular Bud. Just a few days ago, reports showed World Cup workers moving beer tents into less visible areas of stadiums.

    AB InBev paid $75 million for the sponsorship, according to multiple reports. So, the decision throws a bit of a wrench into their marketing plans since the decision dramatically reduces its presence for thousands of fans at the World Cup. However, arguably the bigger part — its TV advertisements with football royalty Lionel Messi and Neymar Jr. — won’t be affected.

    “Qatar’s decision to ban all alcohol around the grounds for the upcoming FIFA World Cup just days before it begins presents an illusion that FIFA is not in control of its own tournament and risks alienating Budweiser—a key sponsor and long-term partner of the governing body,” said Conrad Wiacek, head of sport analysis at GlobalData, in an email.

    The decision could have ramifications for the future, Wiacek said, noting that Budweiser’s partnership with the World Cup expires after this year’s event.

    “However, Budweiser will be cautious to burn its bridges with the governing body, as the 2026 US tournament will be highly prized. Going elsewhere would open up opportunity for other alcohol brands in its wake,” he said.

    The FIFA World Cup Qatar 2022 kicks off Sunday and lasts until December 18.

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  • Dylan Mulvaney says Bud Light’s backlash response was ‘worse than not hiring a trans person at all’ | CNN Business

    Dylan Mulvaney says Bud Light’s backlash response was ‘worse than not hiring a trans person at all’ | CNN Business

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    New York
    CNN
     — 

    Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year.

    Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls for a boycott. Mulvaney herself also faced a wave of hate and violent threats.

    Now, in a video posted to Instagram Thursday, Mulvaney is calling on Bud Light and other companies not only to work with trans and other queer influencers, but to support them through the process, even as trans rights are under fire across the country and corporations face anti-LGBTQ+ campaigns.

    Mulvaney said she has “been scared to leave my house, and I have been ridiculed in public, I have been followed,” and she criticized Bud Light for not standing by her and the partnership. She said the company never reached out to her in the wake of the backlash.

    “For a company to hire a trans person and then not publicly stand by them is worse in my opinion than not hiring a trans person at all because it gives customers permission to be as transphobic and hateful as they want,” Mulvaney said. “And the hate doesn’t end with me, it has serious and grave consequences for the rest of our community.”

    When the backlash ignited in April, Bud Light first responded with a straightforward explanation of its relationship with social media influencers like Mulvaney. But later it released a vague statement from the CEO that failed to offer support for Mulvaney or the trans community. Bud Light sales dropped in the ensuing weeks, the company lost its top rating from a major LGBTQ+ nonprofit and it placed two marketing executives on leave.

    The controversy over the sponsored posts came as trans rights are under attack. Over 400 anti-LGBTQ+ bills were introduced in state legislatures this year through April 3, according to American Civil Liberties Union, including ones restricting access to gender-affirming care for trans youth. Generally, transgender people are more than four times as likely to be victims of violent crime than cisgender people, according to a study from the UCLA School of Law.

    The Bud Light backlash also coincided with anti-LGBTQ+ campaigns against other big brands, including Target.

    Mulvaney’s statement followed a Wednesday appearance by Brendan Whitworth, CEO of Bud Light owner Anheuser-Busch, on CBS Mornings, in which he repeated the company’s recent statements about wanting to “focus on what we do best, which is brewing great beer for everyone,” and did not directly answer a question about whether the campaign was a mistake.

    “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive, and Bud Light really does not belong there, Bud Light should be about bringing people together,” Whitworth said.

    In her video, Mulvaney appeared to address that sentiment, saying, “supporting trans people, it shouldn’t be political.”

    “There should be nothing controversial or divisive about working with us, and I know it’s possible because I’ve worked with some fantastic companies who care,” Mulvaney said. “But caring about the LGBTQ+ community requires a lot more than just a donation somewhere during Pride month.”

    She added: “We’re customers, too, I know a lot of trans and queer people who love beer.”

    In a statement responding to Mulvaney’s video, an Anheuser-Busch spokesperson told CNN on Thursday that, “we remain committed to the programs and partnerships we have forged over decades with organizations across a number of communities, including those in the LGBTQ+ community. The privacy and safety of our employees and our partners is always our top priority. As we move forward, we will focus on what we do best — brewing great beer for everyone and earning our place in moments that matter to our consumers.”

    –CNN’s Danielle Wiener-Bronner contributed to this report.

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