Posted on 08/08/2023 7:07:47 AM PDT by Red Badger
The collapse has just ratcheted up.
Anheuser-Busch InBev (AB-InBev) will be selling eight craft beer brands to Tilray Brands, according to a Monday announcement from the anti-American beer giant. The move will cut AB-InBev’s craft beer portfolio significantly.
Tilray, a Canadian cannabis company, will be purchasing Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company and Hiball Energy. The deal is expected to be finalized in Sept. 2023 for $85 million, according to a Tilray 8-K filing.
In addition to the beer brands, Anheuser-Busch will also be selling off the brands’ employees, breweries and associated brewpubs.
In other words, the disaster just got even more disastrous for Bud Light’s umbrella company.
We’ve hit a new low, ladies and gentlemen.
Ever since the Dylan Mulvaney disaster, we’ve seen Anheuser-Busch and their brands (in particular Bud Light and Budweiser) utterly collapse, and over time, things have only gotten worse. Well, this is another one of those times, as A-B is actually being forced to sell their beer brands. God, I find that hilarious.
And the fact they’re selling these brands to a cannabis company?
It just makes this entire thing even more comical. Anheuser-Busch truly has fallen, ladies and gentlemen. From having America’s favorite beer to now selling several of their brands to a weed company … straight up clown world for A-B.
Ya gotta love it.
I wish I could contribute to their fiasco but I don’t drink beer.
How dry I am ......................
More and faster, PLEASE!
“Selling off the brands’ employees”
Slavers.
They’re getting it good and hard, aren’t they?
As much as I hate Anheuser-Busch, they are a multinational global company worth billions and billions of dollars. To think that they had to sell off these brands for a mere 85 million to stay afloat is stupid.
This shows people will only take so much & will fight back.
I am amused. The stockholders are not amused. Schadenfreude is sweet.
ps
Schadenfreude is a German word that means taking pleasure at someone else’s pain or discomfort.
I should start drinking again so I could boycott them..................
Enbev is the internarial, AB is better seen as the American market and they are treated as an independent entity that is required to ma9intian their profitability separate from the international parent company.
Not stupid at all, basic business. AB is struggling, we can only hope eventually this impacts the parent company, though honestly that is unlikely
The selloff might be a good thing.
This, IMO, is just a taste of what a yuge corporation has gotten when they think they are too big to fail and woke won’t do much damage. They are getting hit like many small businesses have with progressive policies. Just maybe when it begins to hit some of the smaller corporations that push this mess but are the only ones in small towns so we are forced to shop (HEB, Walmart) as there are no others, the heat will be felt and the boards of these companies will return to their original JESUS and USA roots.
Not to mention their stock, which did drop as a result of the fiasco, from $66/share in April to $56/share today. Still above their 52 week low of $44/share. Yeah, this is just streamlining.
And people thought the Pirates of the Caribbean ride was offensive.
I am totally delighting in this, and make no bones about my pleasure in watching it happen.
Anheuser Busch’s revenue has taken a hard hit and that makes the price to earnings ratio of their stock price unsustainable, even at its price off $56. A lot of investors who bought on the dip are gonna get burned buying in at what they thought was the low.
Queer Beer sales are not coming back. Here in Wyoming anyone that buys Budweiser products is mocked relentlessly. You might as well be Liz Cheney when you drink that beer here.
Let me know when they have to sell off Budweiser.
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