Packs of Budweiser beers are displayed in a Shanghai's supermarket. The brewer says on February 27 that there’s “almost no activity in the nightlife channel and very limited activity in restaurants.” Photo: AFP
Budweiser APAC takes a hit in China as biggest Lunar New Year campaign runs into coronavirus outbreak
- Sales to nightclubs and restaurants has come to a halt amid the public health crisis sparked by coronavirus outbreak
- Net profit fell 2 per cent in 2019, partially due to weaker sales to nightclubs and restaurants last quarter
Packs of Budweiser beers are displayed in a Shanghai's supermarket. The brewer says on February 27 that there’s “almost no activity in the nightlife channel and very limited activity in restaurants.” Photo: AFP
