{"id":723037,"date":"2026-06-08T13:17:11","date_gmt":"2026-06-08T13:17:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/723037\/"},"modified":"2026-06-08T13:17:11","modified_gmt":"2026-06-08T13:17:11","slug":"why-world-cup-is-the-make-or-break-for-alcohol","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/723037\/","title":{"rendered":"Why World Cup is the \u2018make or break\u2019 for alcohol"},"content":{"rendered":"<p>      New York\u00a0\u2014\u00a0\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpxzvaop008o2cnofgy59ri3@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Forget <a href=\"https:\/\/www.cnn.com\/2026\/05\/27\/business\/world-cup-tickets-new-york-new-jersey-subpoena\" rel=\"nofollow noopener\" target=\"_blank\">ticket sales<\/a> and geopolitical tensions. The World Cup might face another hurdle: A years-long decline in drinking.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpy2spdi000l3b6rupi3bw99@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            A massive global sporting event should be a celebration for the alcohol industry, as people cram into bars or throw watch parties at home. Anheuser-Busch InBev, Heineken, Molson Coors as well as liquor giant Diageo are all pouring big money into the soccer spectacle.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmq0zxom400003b6rlzn3aion@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But the tournament is mostly taking place in the United States, where drinking is <a href=\"https:\/\/www.cnn.com\/2025\/08\/14\/health\/alcohol-drinking-declines\" rel=\"nofollow noopener\" target=\"_blank\">plummeting<\/a>.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpy3sise001m3b6romauvciu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe alcohol business in the United States is struggling more than in virtually any other part of the world,\u201d said Bourcard Nesin, a beverage analyst for Rabobank. \u201cWe\u2019re seeing dramatic declines in consumption that aren\u2019t taking place elsewhere.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpy3tsfj001p3b6rv6lh2zfy@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But with <a href=\"https:\/\/www.cnn.com\/2026\/06\/01\/sport\/world-cup-prediction-bracket-2026\" rel=\"nofollow noopener\" target=\"_blank\">104 matches<\/a> stretching over nearly six weeks and three countries with major names like Lionel Messi and Cristiano Ronaldo, the World Cup should provide at least temporary relief for the industry.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpy4hl8z001u3b6r0akrcush@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe World Cup will increase consumption of beer, wine and spirits without question,\u201d Nesin told CNN. \u201cIt\u2019s a big boost for them at a time when they need it in a market where they need it most.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpze06rz00103b6rjj5r1u7o@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe question is how much of a boost is enough?\u201d he added.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpze1re400123b6r8lgfmyvu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            For Diageo (<a href=\"https:\/\/www.cnn.com\/markets\/stocks\/DEO\" rel=\"nofollow noopener\" target=\"_blank\">DEO<\/a>), the World Cup couldn\u2019t come at a better time.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzozkv90006356rpl6qu52x@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Revenue for North America, its biggest market, dropped 9% in its most recent quarter. More alarmingly, US spirit sales fell 15%, hampered by lower demand for its tequilas, like Casamigos.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpy6lqy000213b6r6pvjy1fl@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cNorth America remains our biggest challenge,\u201d CEO Dave Lewis said last month in prepared earnings remarks.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzcyhcx00003b6rjx0q06yh@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            A pioneering deal with FIFA could help: Diageo was named the World Cup\u2019s first-ever spirits sponsor, meaning only its brands will be served at stadiums and sanctioned fan festivals. It\u2019s also the first time liquor will be sold at the tournament. (Financial terms weren\u2019t disclosed.)\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpyaumeq00003b6rwmj0p6z7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Tequila and whiskey are \u201chuge with soccer consumers,\u201d according to Rick Pineda, Diageo\u2019s vice president of global sports partnerships. The company will focus its marketing in the US on Buchanan\u2019s Scotch Whisky, Don Julio 1942 and Casamigos tequila.\n    <\/p>\n<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/gettyimages-2279716256.jpg\" alt=\"A Casamigos kiosk at the FIFA Fan Festival in Houston, Texas.\" class=\"image_large__dam-img image_large__dam-img--loading\" onload=\"this.classList.remove('image_large__dam-img--loading')\" onerror=\"imageLoadError(this)\" height=\"2656\" width=\"3987\" loading=\"lazy\"\/><\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpybpxn1000k3b6r1l1f6vmf@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThis is a huge opportunity for us to lead in the spirits category and to bring all of our customers, distributors, retail partners that have never had the ability to leverage a spirits partnership with the World Cup,\u201d he told CNN.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpybvbek000o3b6r8crz00bc@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Plus, sporting events garner a \u201ccommunal feeling\u201d that \u201cabsolutely help recruit (new customers) in a big way,\u201d he said.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpybzej5000x3b6rn4swfmol@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Lewis, however, sounded a bit more cauitious on the earnings call.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzr8vb500023b6r1e426qel@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n             He told analysts a North America-based World Cup is \u201cgoing to be a bit more of a voyage of discovery\u201d in seeing how consumers respond to the massive deal.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpyc6d4k000z3b6rh72fyqh2@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Big Beer is also pumping millions into sponsorships and promotions in hopes of improving sales.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzrlxdi000e3b6r5egi5top@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The industry has been <a href=\"https:\/\/www.cnn.com\/2025\/01\/03\/food\/beer-spirit-sales-non-alcoholic\" rel=\"nofollow noopener\" target=\"_blank\">under pressure<\/a> for years with volumes further declining in 2025 by 6%, according to trade group IWSR. Consumers are cutting back discretionary spending, which is affecting alcohol sales, as well as shifting to spirits or <a href=\"https:\/\/www.cnn.com\/2026\/06\/01\/business\/hennessy-ready-to-serve-cocktails-launch-problems\" rel=\"nofollow noopener\" target=\"_blank\">premade options<\/a>.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzpqpox000c356r9tj3kh0u@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But people more commonly associate sports with beer, Nesin said, so the World Cup will be a bigger boost to their business than liquor.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzpqrbj000e356r7ki18xvp@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThis is a Super Bowl that lasts a month,\u201d he said.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzqan8k000j356rb2u29vnw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <a href=\"https:\/\/www.cnn.com\/2026\/03\/09\/food\/anheuser-busch-success-turnaround\" rel=\"nofollow noopener\" target=\"_blank\">Anheuser-Busch<\/a>, the World Cup\u2019s official beer sponsor, has held that deal for more than 40 years. But this year, instead of highlighting its Budweiser brand, Michelob Ultra will adorn an MVP trophy <a href=\"https:\/\/www.anheuser-busch.com\/newsroom\/MichelobULTRAFIFADRAW\" target=\"_blank\" rel=\"nofollow noopener\">given to a player<\/a> after every match. The low carb beer is a bright spot among its beers, recently becoming the <a href=\"https:\/\/www.cnn.com\/2025\/09\/23\/food\/michelob-ultra-top-selling-status\" rel=\"nofollow noopener\" target=\"_blank\">top-selling<\/a> brand.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpycdknd00183b6r514hjyye@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The company is also spending on promotional activity at bars \u201cbecause the bars will be the places where people will get together to watch the games,\u201d CEO Michel Doukeris said on last month\u2019s earnings call.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpyd0m6m001o3b6r2r8io3ix@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Heineken isn\u2019t a World Cup sponsor, but it is also increasing its marketing spend by <a href=\"https:\/\/www.modernretail.co\/marketing\/heineken-shares-its-marketing-strategy-for-the-summer-of-soccer-as-world-cup-hype-ramps-up\/\" target=\"_blank\" rel=\"nofollow noopener\">nearly 200%<\/a> at bars in <a href=\"https:\/\/www.cnn.com\/2026\/01\/16\/food\/dos-equis-most-interesting-man-ads\" rel=\"nofollow noopener\" target=\"_blank\">hopes of reviving sales<\/a>. They will be given promotional materials, like pennants and signs, and the brand will sell limited-edition soccer-themed packaging at retail outlets.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpycuezz001l3b6rfgds9b4a@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Meanwhile, Molson Coors is increasing its spending by 60% this summer on ads focused on soccer, including a<a href=\"https:\/\/www.youtube.com\/watch?v=SbmYOQIIEBg\" target=\"_blank\" rel=\"nofollow noopener\"> new ad<\/a> that elongates its name to sound similar to how Spanish-speaking announcer Andr\u00e9s Cantor screams \u201cgoooool.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzs417f00003b6rb0jkd6cg@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The brewer is also using the platform to promote its new non-alcoholic Coors 0.0% beer, tapping into one of the alcohol industry\u2019s fastest-growing categories. Volumes of alcohol-free beer rose by 15% last year, according to IWSR.\n    <\/p>\n<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/usatsi-29018775.jpg\" alt=\"A beer with the FIFA logo printed on the foam at a New York bar.\" class=\"image_large__dam-img image_large__dam-img--loading\" onload=\"this.classList.remove('image_large__dam-img--loading')\" onerror=\"imageLoadError(this)\" height=\"3454\" width=\"4831\" loading=\"lazy\"\/><\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzdvi3m000y3b6rds6wl8et@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Past World Cup years have boosted global volume of beer sold by about a quarter of a percent, with sales in the tournament\u2019s months jumping as much as tenfold.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzdqvzo000l3b6rl2ze5e0a@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But analysts caution that even with all the attention gained during the soccer spectacle, it\u2019s unlikely to fully reverse a broader slowdown affecting the alcohol industry.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph_elevate\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmpzds99c000q3b6rrt36t8ya@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe World Cup could lead to transitory bump in demand, but will do little to change long-term trends,\u201d said BNP Paribas Equity Research senior analyst Kevin Grundy in a recent note.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"New York\u00a0\u2014\u00a0 Forget ticket sales and geopolitical tensions. The World Cup might face another hurdle: A years-long decline&hellip;\n","protected":false},"author":2,"featured_media":723038,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-723037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/723037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=723037"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/723037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/723038"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=723037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=723037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=723037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}