Bill Gates' foundation trust bets big on Bud Light comeback

Bud Light sales plummeted after partnership with transgender activist Dylan Mulvaney.
Boycott from conservatives and backlash from LGBTQ activists hurt revenues.
Bud Light lost top spot as best-selling US beer to Modelo Especial.
Bill and Melinda Gates Foundation Trust bought $95 million in Bud Light parent company stock.
Bud Light trying to regain customers through new ads focused on football and country music.

foxbusiness.com

Relevant topic timeline:

9/7/2023

Bill Gates' foundation trust making Bud Light bet is a ‘mistake,’ former Anheuser-Busch exec says

Billionaire investor Bill Gates has invested nearly $100 million into Anheuser-Busch, despite the company's recent struggles, leading a former executive to warn that it is a mistake given Gates' track record in the beer industry.

9/29/2023

AB InBev Upgraded to Buy Rating as Margins Seen Improving Despite Bud Light Struggles

Shares of Anheuser-Busch InBev, the parent company of Bud Light, rose 4% after Bank of America upgraded their stock, citing improved profit growth and easing cost pressures.

10/2/2023

Tilray Acquires 8 Beer and Beverage Brands from Anheuser-Busch, Becomes 5th Largest U.S. Craft Brewer

Canadian cannabis company Tilray Brands has completed its all-cash transaction to acquire several beer and beverage brands from Anheuser-Busch, making it the fifth largest craft beer business in the U.S. and increasing its market share in the U.S. Craft Beer Market to 5%.