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Coronavirus

Coronavirus hammers Budweiser APAC

Asia-Pacific brewer reports horror start to 2020

The regional arm of Anheuser-Busch InBev Group, the world’s largest beermaker, said the new coronavirus had also contributed to a "meaningful" decline in sales of beer for consumption at home.   © Reuters

HONG KONG -- Budweiser APAC said Thursday that it expected the spread of the new coronavirus to hit profits hard in 2020 as social activity almost grinds to a halt across China. 

"We have observed almost no activity in the nightlife channel and very limited activity in restaurants," said Jan Craps, co-chair and chief executive officer at Budweiser APAC, in a conference call on Thursday.

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