Heineken dilutes beer’s merrier future
Glasses of Heineken beer are seen at a restaurant in Hanoi, Vietnam, May 30, 2019.
Source: REUTERS/Kham//File Photo
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The $54 bln group’s higher prices led to lower volumes, at odds with Carlsberg’s cheerier numbers. Diageo reckons drinkers are shifting from spirits to beer, which should help brewers. Still, without clear evidence investors may not price in the growth a windfall should imply.
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