The company that owns Corona beer: Anheuser-Busch InBevis, is facing its worst quarter in 10 years following the coronavirus outbreak.
The brewery that owns some of the world’s most famous beer brands, including Budweiser, Stella Artois, Beck’s and Corona has said the recent coronavirus outbreak has led to a ‘significant decline’ in some areas – having reported a loss of $170 million (£132 million) in profits.
The loss of earnings has come at a time when the company were expecting even stronger sales than usual, due to the Chinese holiday Lunar New year.
However since the Coronavirus outbreak, nightlife in many areas have become like ghost-towns, with many bars and restaurants forced to close down.
The company believes the drop in profits is down to fewer people going out in public in China to avoid catching the virus.
The news comes in the same week that Diageo, the world’s biggest spirits maker, warned the spread of coronavirus would knock as much as £200m off profits this year.
And it appears that some people might be even avoiding Corona beer directly, based on the false assumption that it has a link with the actual Coronavirus.
Last month, Google reported that searches for Corona lager had increased by a whopping 1,100 percent, with people even searching for terms like ‘beer virus’ and ‘corona beer virus’, according to the Metro.
For even further clarity: there is no link between Corona beer and coronavirus.