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
Topic |   Coronavirus pandemic
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
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