Glass Bottling Plants Are Shutting Down After Bud Light Boycott Slammed Sales — 600 Employees Are Now Jobless; 2 Other Big Beverage Stocks To Watch Now
Bud Light sales have been slipping, and the impact extends beyond the beer brand. Global glass producer Ardagh Group recently announced that it's shutting down two glass bottling plants — one in North Carolina and one in Louisiana. WRAL-TV reported that the closure of these two plants would result in roughly 645 employees being laid off. According to an internal memo obtained by WRAL, the decision was "due to slow sales with Anheuser InBev," the multinational brewing company behind Bud Light. In
Source: yahoo.com
