Anheuser-Busch heir speaks out on Bud Light controversy: "My ancestors would have rolled over in their graves"
Billy Busch criticized the company's trans advertising strategy that goes against traditional American values.
Billy Busch, the heir to the Anheuser-Busch company, which is Bud Light’s parent company, spoke about the controversy the company has been facing since giving away a pack of customized cans to transgender influencer Dylan Mulvaney. He told Harvey Levin in an interview with TMZ that he did not believe that company founder Adolphus Busch (1839-1913) would have approved of this marketing strategy:
He told Sean Hannity in an interview on FOX that Anheuser-Busch is paying the price for its campaign. The company lost 28% of its gross profit between April and June of this year and its market value decreased by more than $6 billion. Billy Busch believes this could be due to the fact that Bud Light alienated its regular consumers by targeting the LGBT community:
Bud Light, a beer consumed by conservative Americans
The Anheuser-Busch heir explained that Bud Light drinkers tend to be conservative Americans. That is why, he said, working with the transgender influencer caused the company to lose a lot of money because a significant number of consumers do not identify with the new values conveyed by the company: