Carlsberg beer sales hit by China's shuttered karaoke bars
Share:
COPENHAGEN (Reuters) - Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg's biggest market, but the Danish brewer said on Tuesday it was not changing its forecast or strategy for China as a result of the coronavirus outbreak.Carlsberg's sales in China grew by 19% last year, far outpacing a slightly declining underlying market with total volumes contracting by 2%, the world's third-largest brewer saidSo-called on trade business, such as sales in karaoke bars and..