*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).
The Supreme Court on Thursday gave whiskey maker Jack Daniel's reason to raise a glass, handing the company a new chance to win a trademark dispute with the makers of the Bad Spaniels dog toy.
Cheddar News checks in to see what to look for on The Day Ahead with Chinese EV-maker Nio due to release its report and Jurassic Park is celebrating the 30th anniversary of its release. Meanwhile, 'Transformers: Rise of the Beasts' debuts on Friday across the country.
Kelly Ann Winget, founder of private equity firm Alternative Wealth Partners and author of 'Pitch the Bitch,' a financial guide for those often left out of the male-dominated investment world, spoke to Cheddar News about her experience as an LGBTQ+ manager in the industry.
With wedding season underway, couples can get overwhelmed with finances and planning. Guests also feel stressed, especially when being invited to several weddings. Ted Rossman, senior industry analyst with Bankrate.com, joined Cheddar News to discuss setting up a budget if attending multiple ceremonies.
Tracking Consumer Spending Trends With Tanger Outlets CEO Stephen Yalof
Meta has introduced Whatsapp Channels, a feature aimed at making the app a "private broadcast messaging product."
Edward Moya, chief market strategist with Oanda, joined Cheddar News to discuss Thursday's gains as investors were surprised by a jump in weekly job claims and as Wall Street braces for key inflation data and the Fed's latest policy announcement.
Rebecca Walser, financial planner and wealth strategist, offers some tips on how to bring everyday spending in line with budgets by avoiding certain purchases.
The number of Americans applying for unemployment benefits last week rose to its highest level since October 2021, but the labor market remains one of the healthiest parts of the U.S. economy.
Stocks are drifting Thursday, continuing this week’s lull as Wall Street waits for several big events next week.
Load More