Bill Gates has acquired 1.7 million shares of Anheuser-Busch Inbev through the Bill and Melinda Gates Foundation trust during the second quarter of this year. The billionaire may have made the investment on the hopes that the company can get past its Bud Light fiasco, or he may think its new brand image fits with his infamous reputation as an 'office bully' and friend of Jeffrey Epstein.
New York PostSales have been on a steady decline since Dylan Mulvaney flaunted the customized Bud Light can with his face on it on April 1. As Breitbart News reported at the time, the nationwide backlash against this marketing disasterBill Gates with pal Jeffrey Epstein inset
Gates’ acquisition of 1.7 million shares reveals that he sees the beer giant making a comeback with consumers following its ill-fated advertisement campaign with trans gender activist Dylan Mulvaney. Morgan Stanley analyst Sarah Simon told TipRanks the beer giant’s growth in emerging markets like in the Asia Pacific region limits the impact of the U.S. share loss.
”After one-off costs in 2023, we see profitability growth resuming in 2024, with strong cash flow growth driving leverage to the target 2.0x, allowing for both an increase in the payout ratio as well as the resumption of share buybacks from 2026,” Simon told TipRanks.Despite this rosy view of the feature, Bud Light continues to suffer in America.
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