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Search resuls for: "Big Beer"


8 mentions found


☆ Gen Z wants flavorful drinks. Here’s how Big Beer is trying to attract them
  + stars: | 2024-07-04 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +7 min
That’s a problem for Big Beer, which is dealing with flat sales, declining volume and a fickle generation of younger drinkers who are completely ditching the bottle or preferring anything but a regular beer. It’s a non-carbonated drink because “bloating that may come from carbonation is considered a top barrier” for younger drinkers and the trend of “decarbonizing” drinks is blowing up on the app. Last year, it acquired Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, in light of US spirit sales surpassing beer sales. Its aptly titled “Beyond Beer” category is currently a $1.5 billion part of its global business and is helping attract younger, legally aged drinkers. Despite younger drinkers’ hesitance with buying beer and flat sales, Big Beer companies aren’t facing an existential threat.
Persons: youngs, Gen, NIQ’s Kaleigh Theriault, “, ” Theriault, Gallo, Mark Anthony Brands, Miller, flavorful, TikTok Constellation, Corona, ”, Saúl Trejo, TikTok, Molson Coors, Molson, ” NIQ’s Theriault, Bud Light, seltzer, Jason Lowrie, it’s, Bud, Bud Light Seltzer, Dylan, ’, “ Young, ” Bryan Roth Organizations: New, New York CNN — Beer, CNN, Beverages, Big Beer, Molson Coors Beverage Company, Modelo, Constellation Brands, Anheuser, Busch InBev, TikTok, Corona, Corona Refresca, Molson Coors, Molson, “ Suppliers, Busch, Feel Goods Company Locations: New York, Corona, carbonation
☆ I had a hard time connecting with my dad. Now that he's dead, I'm learning to love him for who he was.
  + stars: | 2024-06-16 | by ( Elise Seyfried | ) www.businessinsider.com   time to read: +4 min
When Dad died after a massive stroke at age 67, none of us was particularly surprised. I'm the age he was when he diedI'm 67 now, the age Dad was at his death. I know I will refuse to sit on the edges of life, listening passively to other people's adventures. I will try to live "smarter" than Dad did, to eke out more quality time on the planet. On this Father's Day, when we both are 67, I'm finally learning to love my father just the way he was.
Persons: Dad, …, he'd, Dad didn't, I'm Organizations: Service
☆ Five stocks to buy and hold for the long term, according to the pros
  + stars: | 2024-04-02 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com   time to read: +8 min
CNBC Pro asked three fund managers for their stock picks to to buy now and hold for the longer term. The average price target for PepsiCo is $186.77, according to FactSet data, giving it potential upside of 6.7%. According to Factset data, of 30 analysts, 18 give the stock a buy or overweight rating while 12 have a hold rating. According to FactSet data, of 18 analysts, 14 give the stock a buy or overweight rating, three have a hold rating and one has a sell rating. The average price target for PDD is $180.12, according to FactSet data, giving it potential upside of 54.9%.
Persons: David Dietze, PepsiCo Dietze, Dietze, Bud Light, Michael Field, Edenred, Jason Hsu, Hsu, OpenAI, Elon Musk, Sam Altman, Greg Brockman, Altman Organizations: Wealth Management, CNBC Pro, PepsiCo, Coca Cola, Anheuser, Busch, Brussels Stock Exchange, New York Stock Exchange, Euronext Paris Stock Exchange, Microsoft, Rayliant Global Advisors, OpenAI, Nasdaq Locations: Belgian, U.S, South America, Europe, Edenred, China
☆ Bill Gates made a nearly $100 million bet on Bud Light
  + stars: | 2023-09-06 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
Gates bought the stock around the time A-B reported earnings that fully encompassed the fallout from Bud Light’s partnership with transgender influencer Dylan Mulvaney. Last month, A-B said that its US revenue fell 10% in the second quarter, hampered by falling Bud Light sales. A few weeks later, Modelo overtook Bud Light in sales at grocery and beer stores, according to NIQ data, marking the first time Modelo has ever beaten Bud Light on a year-to-date basis. However, the difference is slim with Modelo holding 8.34% share of dollars spent on beer vs. 8.28% for Bud Light through August 12. Gates, who has previously admitted that he’s “not a big beer drinker,” has bought other beer brands too.
Persons: Bud Light’s, Bill Gates, Melinda Gates, Gates, influencer Dylan Mulvaney, Bud, Bud Light, he’s, ” Organizations: New, New York CNN, Anheuser, Busch, Melinda Gates Foundation Trust, Revenue, Modelo, Bud Light, Heineken Holding Locations: New York, North America, Canada, United States
☆ Ann Roth Is Hollywood’s Secret Weapon
  + stars: | 2023-07-23 | by ( Maureen Dowd | More About Maureen Dowd | ) www.nytimes.com   time to read: +1 min
“It was probably Jude Law and Matt Damon in ‘The Talented Mr. Ripley,’” she said. “Not grain.”After all, as Ms. Roth said slyly, “I’m the world’s oldest costume designer, damn it!”Confirm or DenyMaureen Dowd: You have been wearing blue toenail polish every day since 1953. Ann Roth: Mike Nichols asked me to come to dinner with Anthony Minghella at the fancy Chinese restaurant in Beverly Hills, Mr Chow. She taught me about a fabric that was made in Czechoslovakia and found in Switzerland called silk souffle, which really doesn’t exist anymore. Cameramen sometimes liked to use it on their lenses because it made people look better.
Persons: Jude Law, Matt Damon, ‘, Ripley, ’ ”, Mamma Mia, ’, Mia, Streep, Roth, slyly, “, Maureen Dowd, Ann Roth, Mike Nichols, Anthony Minghella, Mr Chow, Minghella, Mike, “ You’re, Miles White, Marlene Dietrich, Miles Organizations: Ringling Bros, Barnum, Bailey, “ Locations: Beverly Hills, Las Vegas, Czechoslovakia, Switzerland
☆ Bill Gates, who's 'not a big beer drinker,' just bought a $902 million stake in Heineken
  + stars: | 2023-02-22 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +2 min
Bill Gates bought a $902 million stake in Dutch brewery Heineken's parent company. The billionaire bought a $392 million stake in one of Mexico's largest brewers, Femsa, in 2007. He bought 6.65 million shares of the beer company directly, per the filing, and another 4.18 million shares through the Bill and Melinda Gates Foundation Trust. The Bill & Melinda Gates Foundation did not immediately respond to Insider's request for comment. Long before his Reddit post and the health study, Gates bought a $392 million stake in one of Mexico's largest brewers, Femsa, in 2007.
☆ Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker'
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Microsoft founder Bill Gates reacts during a visit with Britain's Prime Minister Rishi Sunak of the Imperial College University, in London, Britain, February 15, 2023. Justin Tallis//Pool via REUTERSAMSTERDAM, Feb 22 (Reuters) - Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV (HEIO.AS), although the billionaire founder of Microsoft has previously said he was "not a big beer drinker." Heineken Holding owns a controlling stake in brewer Heineken NV (HEIN.AS). A separate filing also dated Feb. 17 showed FEMSA sold all 18 million shares it held in Heineken Holding. Gates purchased 10.8 million shares, worth 883 million euros ($939.87 million) at current market prices, triggering a disclosure requirement under Dutch stock market rules.
☆ Keurig Dr Pepper just invested $50 million in Athletic Brewing, the brand dominating the nonalcoholic beer sector. Here's how the founder started and grew his brewery after leaving the hedge-fund worl
  + stars: | 2022-11-09 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +6 min
The investment gives Keurig a minority position in the beverage startup, which controls over half of the $328.6 million nonalcoholic-beer market. He quit his position at Point72 Asset Management in 2017 and cofounded Athletic Brewing a year later with the head brewer John Walker. Athletic Brewing now controls 45% of the non-alcoholic craft beer market. Athletic Brewing said it distinguishes itself from big beer brewers by being the only brewery in the country dedicated solely to nonalcoholic craft beer. The restaurateur Danny Meyer and Chang serve Athletic Brewing in Eleven Madison Park, Gramercy Tavern, The Modern, and Momofuku Ko.
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