SoulCycle, Equinox and Estée Lauder are all on this list 💔
Earlier this month, the internet went into boycott mode after it was revealed that American businessman Stephen Ross was throwing a $250,000-per-ticket fundraiser to raise money for U.S. President Trump’s re-election campaign, reportedly collecting around $12 million. Ross, who has a current net worth of around $7.7 billion, is an investor in dozens of well-known companies.
Taco Bell One way that companies can display support for a political campaign is through a political action committee, or PAC, which is a group formed to support and fund a particular candidate. TACO PAC, described as a way to provide “quick-service franchise restaurant operators with an easy and effective way to participate in the political process,” is a collection of Taco Bell owners and who made the maximum donation to Trump’s campaign in 2016.
Molson Coors Brewing Company The Molson Coors Brewing Company PAC and related individuals contributed $5,400 to Trump’s 2016 campaign, but the brand has been under extra scrutiny for the political leanings of Pete Coors, its chairman. Coors is a top individual contributor to Republican causes and personally gave thousands to Trump’s election campaigns, as well as throwing him a fundraiser back in 2016.
New Balance As a company, New Balance has flip-flopped on liking Trump depending on how his trade tariffs affect it, but owner and chairman Jim Davis is more settled in his support, donating over $400,000 to the election campaign back in 2016. Wendy’s Wendy’s is part-owned by Trian Fund Management, Nelson Peltz’s huge international investment company. Though the company has only an 18 percent stake in Wendy’s, Peltz is known to be highly involved in his investments and is chairman of the board at the fast food company. Wendy’s was already the subject of a boycott because of its questionable food sourcing practices, but the many thousands of dollars that Peltz has contributed to Trump as an individual certainly hasn’t helped.
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