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2023-05-31 Economy
Bud Light sales plunge 25.7% as Modelo closes gap to become top selling beer
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Posted by Fred 2023-05-31 00:00|| || Front Page|| [11131 views ]  Top

#1 Anheuser-Busch InBev owns both brands, but it does not control Modelo in the US, where it is owned by New York-based conglomerate Constellation Brands.

So, like, who owns Modelo again?
Posted by DooDahMan 2023-05-31 06:04||   2023-05-31 06:04|| Front Page Top

#2 The price of not enforcing anti-trust laws and allowing conglomerates that become immune to actual market forces.
Posted by Procopius2k 2023-05-31 07:35||   2023-05-31 07:35|| Front Page Top

#3 So, like, who owns Modelo again?

I imagine A-B InBev gets an annual fee from Constellation Brands for use of the name in the U.S., while Constellation keeps all the profits — that’s the usual thing in such contracts, I believe. Possibly A-B InBev was required to divest the U.S. portion of the total business when they acquired Anheuser-Busch, in order to prevent them from approaching too close to a monopoly on American beer sales.
Posted by trailing wife 2023-05-31 09:30||   2023-05-31 09:30|| Front Page Top

#4 So, like, who owns Modelo again?

I think those people who own Michelob Ultra.
Posted by swksvolFF 2023-05-31 10:00||   2023-05-31 10:00|| Front Page Top

#5 Apparently, the BudLight effect is resonating at Target, as the meme that the boycott will quickly pass seems to be failing. Perhaps the backlash is showing results in corporate boardrooms where stockprices reflect individual wealth!

Tweet from this morning on CFP"...Target memo ORDERING the deconstruction of the Groomer “Pride” section ACROSS stores....The Pride display signage is GONE. Groomer items GONE. Satanic designer items GONE. Sex cult children’s books GONE. Tuck swimsuits GONE. Baby clothes GONE. Child mannequins GONE. And much, much more. "

https://twitter.com/bennyjohnson/status/1663702538867154945
Posted by NoMoreBS 2023-05-31 10:55||   2023-05-31 10:55|| Front Page Top

#6 Target is playing Kabuki. Any real plan for "deconstruction" would necessarily start with the firing of VP of Marketing Carlos Saavedra. Hell, they don't even need to provide a parachute as he'll settle in very quickly at GLSEN where he's currently Treasurer.
Posted by Rex Mundi 2023-05-31 11:11||   2023-05-31 11:11|| Front Page Top

#7 ^ Same with AB's two execs on paid leave. Waiting for the winds to shift and back to bidness as usual.
Posted by M. Murcek 2023-05-31 11:17||   2023-05-31 11:17|| Front Page Top

#8 Why are the woke people not holding keggers in support? Remember when they boycotted Chik-Fil-A?
Posted by Super Hose 2023-05-31 12:57||   2023-05-31 12:57|| Front Page Top

#9 Too busy making bomb threats.

Speaking of Chik-Fil-A...anyone know if that rumor is confirmed?
Posted by swksvolFF 2023-05-31 13:32||   2023-05-31 13:32|| Front Page Top

#10 I'll clear it up: Mexicans drink Modelo.

The Bud Light drinkers I know, are not pivoting to Modelo. Unless they are mexican. But now I repeat myself.

So yo, you pessimists, let us have this win. The majority of people who stopped drinking Bud Light are not drinking Modelo, and it was not bud light drinkers drinking more Modelo... That's silly to be nice.
Posted by mossomo 2023-05-31 14:42||   2023-05-31 14:42|| Front Page Top

#11 
Posted by M. Murcek 2023-05-31 14:59||   2023-05-31 14:59|| Front Page Top

#12 I like Negra Modelo.
Posted by Deacon Blues 2023-05-31 15:34||   2023-05-31 15:34|| Front Page Top

#13 I like Moretti, which is a Heineken product, but there's a corporate tie-in between AB Inbev and Heineken too.

Two words: Wild Turkey
Posted by M. Murcek 2023-05-31 15:36||   2023-05-31 15:36|| Front Page Top

#14 Modelo probably sees a seasonal increase every May.
Posted by Super Hose 2023-05-31 15:51||   2023-05-31 15:51|| Front Page Top

#15 The only thing which has been won is a shown ability to create an impact against Titans.

That is big, no doubt.

The Titans, however, remain unchanged. And not even into the full retard of GROQMER+ month.
Posted by swksvolFF 2023-05-31 16:39||   2023-05-31 16:39|| Front Page Top

#16 I'm drinking a Modelo right now.
Posted by Skidmark 2023-05-31 17:19||   2023-05-31 17:19|| Front Page Top

#17 Off the "conceived before reading Skidmark was drinking a Modelo" pile...

So, Juan, a postmodern soldado,
One sabado, sadly, got blotto,
And after some meses...
[*knock knock*, mumbled "eses,"
dos hombres muy embarasados].
Posted by Gerthudion tse Tung3476 2023-05-31 18:23||   2023-05-31 18:23|| Front Page Top

#18 Or con el zeta americana, even.
Posted by Gerthudion tse Tung3476 2023-05-31 18:32||   2023-05-31 18:32|| Front Page Top

23:50 trailing wife
23:42 Skidmark
23:39 Skidmark
23:38 Skidmark
23:15 DooDahMan
22:24 SteveS
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20:34 Clusorong Trotsky5960
20:17 Clusorong Trotsky5960
19:34 Frank G
19:25 ACA JOE
19:22 M. Murcek
19:20 Besoeker
19:17 Deacon Blues
19:05 Besoeker
19:02 Super Hose
18:58 Besoeker
18:35 Old Salty
18:34 Old Salty
18:32 Gerthudion tse Tung3476
18:23 Gerthudion tse Tung3476
18:08 trailing wife
17:44 swksvolFF
17:25 swksvolFF









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