DeSantis takes aim at Bud Light as state pensions crushed by company's decline: 'There's got to be penalties'

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 87%

United States News News

United States United States Latest News,United States United States Headlines

Florida Gov. Ron DeSantis says retirees -- including teachers and first responders -- have seen their pensions suffer at the hands of Bud Light's foray into woke politics.

"It has come to my attention that the State Board of Administration currently holds global equity assets with Anheuser-Busch InBev ," the governor wrote in the Thursday letter."As you well know, AB InBev's performance has plummeted since its decision to associate its Bud Light brand with radical social ideologies. That fateful decision has transformed America's formerly best-selling beer — and one of InBev's best-performing assets — into a commercial pariah.

In that same period, rival light beers saw sales rise. Coors Light's sales volume rose by 17.8%, while Miller Lite’s increased by 14.3% and Corona Light’s ticked up by 3%. The fallout from the Bud Light controversy has spilled over into other Anheuser-Busch InBev beers which have also suffered from sales declines. This article was written by Fox News staff.

Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ron DeSantis Eyes Lawsuit Against Bud Light's Parent Company Amid His War On 'Woke'The Republican presidential candidate said there's 'got to be penalties for when you put business aside to focus on your social agenda.'
Source: HuffPostWomen - 🏆 27. / 68 Read more »