Consumer & Categories
Chongqing Brewery Closes 8 Plants in 4 Years, Addicted to Shedding Burdens
Following the low-price sale of assets, Chongqing Brewery (Group) Co., Ltd. announced on December 22 that it would close its Changde brewery. This marks the eighth plant shut down due to poor management. The company hinted at further divestitures and closures to improve production efficiency. Industry insiders note that after closing Changde, the company must prepare for employee settlement costs and impairment charges, which may impact performance, but overall, shedding bad assets is more beneficial than harmful.
许伟