China

AB InBev Sees 10% Hit To First-Quarter Profit From Coronavirus

The world's largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales du...

US Retail Sales Expected To Cross $3.9 Trillion In 2020: NRF

US retail sales are expected to rise between 3.5% and 4.1% to more than $3.9 trillion this year, the National Retail Federation (NRF) said, despite fears s...

Tesco Taking A 'Serious Look' At Removing Unnecessary Parts Of Its Operation, Says Analyst

Following the news that Tesco has completed its exit from China, as well as announcing plans to cut its bakery facilities in its UK stores, a leading retai...

Diageo Warns Coronavirus Could Dent 2020 Profit By $260m

Diageo, the world's biggest spirits company, has said that the spread of coronavirus in greater China and the Asia Pacific region could knock up to $260 mi...

Retailers Affected By Coronavirus Can Learn From Past Health Scares, Says Study

Retailers that have been affected by the growing coronavirus epidemic can learn from how the sector has reacted to similar health scares in the past, a new...

Tesco Completes China Exit With Joint Venture Stake Sale

Britain's biggest retailer Tesco has completed its exit from China with the sale of a 20% stake in a joint venture to a unit of its state-run partner China...

PepsiCo Announces Snacks Acquisition In China

PepsiCo has announced the acquisition of direct-to-consumer snacks firm Hangzhou Haomusi Food Co., Ltd, which trades under the name Be & Cheery, fo...

South Africa's Lobster Catchers Suffer In Coronavirus Fallout

The lobster catchers of South Africa's Western Cape have become an unexpected casualty of the coronavirus after China halted imports of the West Coast rock...