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Beer business ‘well positioned' against inflation: Anheuser-Busch CEO
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Anheuser-Busch CEO Brendan Whitworth said the company is "well positioned" to handle the tumultuous economic environment given the industry's extreme resiliency in recent years.
Although fears of a potential recession are growing, Whitworth expressed confidence in the brewing company, a subsidiary of Belgium-based AB InBev, and its ability to weather economic challenges in part because of its expansive portfolio ranging from higher to more economical price points.
In July 2021, Whitworth took over as chief executive for the nearly 170-year-old company that has more than 100 brands, including Budweiser, Bud Light, Michelob Ultra, Stella Artois and Shock Top, which are sold and distributed across the nation.
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"Because we have brand representation and strong brands … all across the different price points of the industry, we feel pretty well positioned to handle whatever and wherever the consumer goes," Whitworth told FOX Business.
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