During another recent interview, Billy Busch, the heir to the Anheuser-Busch fortune and a man furious with what Anheuser Busch InBev has done to the empire his ancestors built, doubled down on his offer to buy the company back and make it “great again” before it is ruined for good.
That came during an interview on Fox Business’ “Varney & Co,” during which he said that the offer is serious and that he has even met with investment bankers to see if a deal could be worked out where he buys the company back and turns it around before it is too late.
Emphasizing that he’s serious and describing why he wants to fix the company, Billy Busch said, “It’s absolutely a serious offer. My family worked so hard and dedicated so much to build this company over decades. It’s great American history… to see this iconic brand now going in the direction it’s going, it’s really a sad day.”
Continuing, Mr. Busch added that though he is yet to meet with Anheuser Busch InBev and put down an offer on his ancestors’ company, he does think that the current losses from the Dylan Mulvaney disaster will mean that he gets a good deal on it and its resources.
“I haven’t made any offer at this point, but I’m sure that it’s probably worth, at this point, pennies on the dollar. I don’t see InBev making money on it right now. It’s probably costing them money. So, maybe they’d really be able to give me a great price to buy it from them,” he said.
Somewhat surprisingly, Mr. Busch also said that the investment banking companies with whom he has spoken are open to the idea of helping him buy the company and its brand back and have offered to help set up the buy out if he goes through with it.
“They have talked to me and they’ve told me that if I needed help with investors, bringing on investors and coming up with the proceeds in order to purchase those brands, the Bud family brands, they’d be right there in line to help me,” he said.
Mr. Busch then made the all-important promise that he would stay out of trying to push woke values, such as transgenderism, on the company’s customers, saying that he would obviously shy away from that contentious issue to avoid alienating drinkers. He said, “Transgender culture is unfortunately a very political issue today. My family knew to stay out of that arena because they didn’t want to alienate anyone.”
In June, CEO Brendan Whitworth avoided apologizing for the disaster, saying, “We recognize that over the last two months, the discussion surrounding our company and Bud Light has moved away from beer, and this has impacted our consumers, our business partners, and our employees.” He continued, “We are a beer company, and beer is for everyone. As we move forward, we will focus on what we do best — brewing great beer and earning our place in moments that matter to you.”
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