US Liquor Sales Rise, But Not Enough To Offset COVID-Related Global Revenue Decline
PYMNTS
AUGUST 5, 2020
billion) write-down as a result of a bigger-than-expected decline in sales, as demand for its range of alcoholic beverages has plummeted in nearly all markets. The write-down relates to Diageo’s businesses in India, Nigeria, Ethiopia and South Korea, as well as complications created by the worldwide COVID-19 pandemic, Reuters reported.
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