ALCOHOL STOCKS TAKE $830 BILLION HIT AS DRINKING HABITS CHANGE
https://s.yimg.com/ny/api/res/1.2/1TTD5eyvkcUdNJO6IJEoqw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDE-/https://media.zenfs.com/en/bloomberg_holding_pen_162/5028dfd4d9f2d3beeadad2cf8fc70902
✍️ The global beer, wine, and spirits industry has lost $830 billion in value over four years due to shifting consumer behavior, health concerns, and tariffs.
👉 Shifting drinking patterns and health concerns have hit earnings 👉 US tariffs, interest rates, and commodity prices have added to the challenges 👉 Chinese baijiu titan Kweichow Moutai Co. is trading 40% below its 2021 high 👉 European giants Diageo Plc, Pernod Ricard SA, and Remy Cointreau SA have all hit their lowest levels in at least a decade
-- #SarahSimon #LaurenceWhyatt #TomHolland #KatyPerry #WarrenBuffett #AndrewGowen #RichardCook #China #Europe #Australia #Japan #US #Brazil #Peru #business
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