Capital, Earnings & M&A
Beer Industry Competes for Premium Dividends, Domestic Giants Erode Budweiser APAC's Market
2020 was supposed to be a 'big year' for the beer industry with the Champions League, European Championship, Olympics, etc., but the global pandemic has brought uncertainty. As nightlife consumption resumes in some cities, the industry faces a challenging recovery, with major players like China Resources Beer and Budweiser APAC reporting significant revenue declines in early 2020, yet the trend towards premiumization remains unchanged.
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