Big Beer plans sales push from Brazil to China with volumes in focus

Ultimo Cable - Noticias del Mundo

Factuality

Ownership

WORLD.— From the beaches of Copacabana in Brazil to the illuminated bars of Shanghai, the world’s largest beer producer, AB InBev, needs to convince consumers to ask for more Budweiser and Corona. The company’s shares plummeted by 11.5% on Thursday, its biggest daily fall since 2020, after the second quarter volumes failed to meet expectations, affected by strong setbacks in Brazil — a key market— and China, the second largest economy in the wor…