Ad Age is marking Pride Month 2023 with our Honoring Creative Excellence package. (Read the introduction here.) This week, our guest editor is Jonathan Mildenhall, the co-founder and chair of TwentyFirstCenturyBrand. Here, Mildenhall writes about launching “Is Mankind?” during his time at Airbnb.
As Pride Month kicked off, it was clear to me that while the celebrations were undeniable, they came with a degree of caution from some and defiance for others that I have not seen or felt in the last 20 years. The shift in spirit is a direct result of the loud and aggressive backlash that some brands have faced as they show their ongoing support for Pride and the LGBTQ+ community. While some brands such as Nike and Starbucks have been able to create products or campaigns around gay and transgender issues or Pride Month with relative ease, others including Target and Bud Light have faced significant backlash.
Target faced backlash for its Pride collection, which included clothes and books for children that drew outrage from some loud voices on the right. After facing criticism, Target chose to remove or relocate some Pride merchandise so it is less visible in stores. The debacle caused Target’s share price to drop by 20% in May alone, wiping $12 billion off the company’s market cap. Bud Light also finds itself in an ongoing firestorm following the social media influencer Dylan Mulvaney’s sweet endorsement campaign, which led to right-wing consumers boycotting the brand. Since the controversy began, Bud Light’s parent company Anheuser-Busch InBev lost a staggering $27 billion in market cap.
Emboldened by Target and AB InBev’s corporate responses to the Pride-related crises, conservatives are piling on. In some cases, they are unearthing marketing campaigns that are years old, intending to stop “rainbow capitalism.”