Patagonia beer may sound like it would be extremely profitable to the outdoors apparel brand, but these brews are being sold by Anheuser-Busch (NYSE:BUD), which has led Patagonia to file a lawsuit against the Budweiser parent company.
The clothing company decided to file a lawsuit after discovering that Anheuser-Busch has been selling a Patagonia-branded beer that also contains the latter’s environmentally friendly logo. The beer giant received the trademark to begin selling Patagonia beer in the U.S. in 2012, but the company sat on the name until 2018, which is when it started selling beer with the branding.
Making matter worse is that Patagonia claims that Anheuser-Busch has been selling the beer and the clothing company’s branded apparel at pop-up stores at ski resorts, which is technically Patagonia clothing territory, according to the suit.
BUD stock is up 0.7% Thursday.