Diageo warns coronavirus could dent 2020 profit by $260 million
A range of drinking brands owned by Diageo
Diageo | Igor Emmerich
Diageo, the world’s biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to $260 million off its profit in 2020.
The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting.…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.