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Business Wars Daily

Beer Brands Try to Leave Their Cares Behind

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 14 August 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Monday, August 14, and we're looking at AB InBev vs. Molson Coors.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

How do I cope with waiting for results?

0:11.6

It's all I can think about.

0:13.5

Is the cancer going to come back?

0:16.0

I can't sleep.

0:17.6

How do I stop worrying?

0:19.5

We know what goes through your head when you're living with

0:21.7

cancer. The questions, the anxieties. We understand because we've been there too. If you or

0:27.9

someone you care about has been diagnosed with cancer, McMillan Cancer supports online community

0:32.9

can help from day one. It's a free, safe, online forum for people with cancer to connect anonymously.

0:39.8

No question is too big or too small. With over 80,000 members, we get it. We've been there.

0:46.3

Whatever you need to ask, we're here. To join, search McMillan online community.

1:03.5

Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this August 14th.

1:08.1

Happy Monday, everyone.

1:09.5

Well, it's summertime and bud lights taking to the

1:11.6

airwaves to remind us all of summer fun and the refreshing taste of a cold brew on a hot day.

1:25.3

That's the goal, after all, leaving the company's cares behind. A few months ago, we told you about the boycott Bud Light faced after it sent a customized Bud Light six-pack to trans-influencer Dylan Mulvaney, who shared the personalized cans featuring her image on social media. The fallout, which included conservative influencers making social media posts,

1:45.8

calling for a boycott of the brand, but a sizable dent in the beer brand's bottom line.

1:51.2

CNN reports that the boycott has cost parent company ABNBev roughly $400 million in lost sales

1:59.1

in North America, primarily due to customers avoiding Bud Light.

2:03.1

But for ABNBF, the news isn't all bad. In its earnings call earlier this month,

...

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