*By Chloe Aiello*
Phoenix the Clydesdale stood outside the New York Stock Exchange on Thursday to celebrate the NYSE Christmas Tree lighting ceremony. In less than one week, he'll join a rig of seven others to deliver Budweiser to the thirsty denizens of New York.
"You feel the Christmas holiday spirit all around you. We have the Clydesdales here, which of course are an icon of the holidays," Anheuser-Busch InBev's Ricardo Marques told Cheddar on Thursday. "We will be delivering beer, Budweiser of course, all across New York City next week."
It's a tradition that dates back to Prohibition and signifies the official kick-off of the holiday season for Budweiser parent company Anheuser-Busch InBev. The horses were originally a gift to August Busch Sr. after the repeal of Prohibition.
This year is extra special, as it marks the 85th anniversary of Prohibition's end. In honor of the occasion, AB InBev teamed up with Jim Beam on a Jim Beam barrel-aged Budweiser Copper Lager, part of its Reserve Collection.
Marques said the beer has already become a top share gainer within the past four weeks.
"People that are aware of the innovations we have been launching with the Reserve franchise have a better opinion of the Budweiser brands. So it is helping us elevate the Budweiser brand and also gain share in this very important time of the year," said Marques, who serves as group vice president of marketing core and value brands at AB InBev.
The Jim Beam collaboration is just AB InBev's latest attempt to diversify its branding and offerings to reach broader audiences at the high and low end. AB InBev has also been reaching into alcohol-free beverages as it fights to accommodate rapidly shifting consumer preferences.
For full interview [click here](https://cheddar.com/videos/clydesdales-remain-budweiser-brand-holiday-icon).
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Load More