
Tapestry, Inc. Delivers Strong Third Quarter Results and Raises Fiscal 2023 Outlook
NEW YORK--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 18:59

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 09:52

Sandwich chain Subway agrees to sell itself to Roark Capital
By Anirban Sen Subway has agreed to sell itself to private equity firm Roark Capital in a deal valuing the
2023-08-24 19:46

Goldman Sachs sues Malaysia over push to redo 1MDB settlement
Goldman Sachs has sued Malaysia after the country pushed to redo a settlement over the US investment bank's role in the 1MDB multi-billion dollar...
2023-10-12 15:55

Google to block local news in Canada in response to media law
Google on Thursday became the latest Silicon Valley giant to block Canadian users from seeing local news on its platform after Ottawa passed a bill requiring tech companies...
2023-06-30 05:27

Rupert Murdoch stepped down from Fox and the Succession memes wrote themselves
The Media tycoon Rupert Murdoch is set to retire as chairman of his Fox and News Corp businesses and no one could resist making Succession memes and jokes. The Australian businessman is set to be replaced in the role at both companies by his son Lachlan Murdoch. The change of leadership will take place following the companies’ annual meeting in mid-November. Lachlan Murdoch said: “On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. “We are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.” The highly popular TV show, Succession, which came to an end earlier this year was not so subtly inspired by the Murdoch family Things didn't end so well for the Roy family in that particular saga and given the parallels with the Murdoch family the Succession memes were soon trending on X/Twitter. Additional reporting by PA. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-09-21 22:28

Kuwait Fund Names New Head of UK Arm Year After Ousting Ex-CEO
Kuwait’s $700 billion sovereign wealth fund appointed Abdulmohsin Al-Mukhaizeem as the permanent head of its London arm, just
2023-08-18 15:55

UK pay deals lose more steam as Bank of England meets on rates
LONDON Pay deals awarded by British employers lost more of their inflationary heat, according to data published on
2023-09-20 07:26

Castore Nears £1 Billion Valuation After Cash Injection By Raine
British premium sportswear brand Castore has secured a £145 million ($184 million) cash injection led by US investment
2023-11-30 01:24

Supreme Court rules against union in labor dispute involving truck drivers and wet concrete
The Supreme Court has ruled against unionized drivers who walked off the job with their trucks full of wet concrete
2023-06-01 23:46

Troubled retailer Tesco picks Burberry boss as chair
Britain's biggest retailer Tesco on Monday named Burberry boss Gerry Murphy as chairman, replacing John Allan who stepped down after...
2023-07-03 20:24

Futures gain on Amazon, Intel boost; key inflation data awaited
U.S. stock index futures climbed on Friday as robust forecasts from Amazon.com and Intel along with a pullback
2023-10-27 17:58
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