Ambev Stock – Budweiser owner buying The Fat Jewish’s Babe Wine
Anheuser-Busch InBev said Friday it is buying Babe Wine, the company co-founded by popular Instagram influencer Josh “The Fat Jewish” Ostrovsky and brothers David Oliver Cohen and Tanner Cohen, the writers behind the Babe Walker @whitegrlproblem Twitter account.AB InBev (BUD) did the deal through its ZX Ventures arm. ZX Ventures first bought a minority stake in Babe Wine last year.
Babe Wine has become popular thanks to the social media prowess of Ostrovsky and the Cohen brothers. The three will continue to lead Babe after the deal is completed.
“We have a dream to make Babe into America’s #1 wine, and A-B has the vision, the capabilities, the people and the network to help us get there,” said David Oliver Cohen in a statement.
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