Go on, crack open a Corona
The beer, not the virus, has been a rare bright spot for brewer AB InBev as the market grapples with the health disaster
05 March 2020 - 05:00
When China sneezes, the world’s largest brewer catches the flu.
AB InBev lost out on $285m in sales and $170m in earnings in the first two months of this year alone due to the coronavirus outbreak in China, CEO Carlos Brito told investors last week.