Posted on February 17, 2020
How will the Coronavirus will affect the drinks industry How will the Coronavirus will affect the drink industry ? Believe it or not the drinks industry is one of the hardest hit by the coronavirus (Covid-19), with China accounting for some 35% of global luxury goods sales. db analyses the impact of the outbreak. China is now closed to foreign travel and Mr Alexandre Ricard, Pernod Ricard’s CEO said: “Night clubs and night bars are all closed in China and those bars and restaurants that are not closed are empty.” Even travel agencies said that bookings have collapsed massively in…
