The world’s most valuable alcoholic drinks brands could lose up to US$33bn worth of brand value as a result of the COVID-19 pandemic, according to brand valuation company Brand Finance.

The Delhi government has decided to withdraw the 70% “special corona fee” that it imposed upon alcoholic beverage sales from May 5.

Corona beer has seen a “spike” in sales due to the outbreak of global pandemic COVID-19 over the past month according to a report by IWSR.

Revenue of AB InBEV has grown by 3.7% with global revenue per hl increasing by 4.5% in the first quarter of 2017 according to it’s latest financial report.

Anheuser-Busch InBev is planning to continue its market invasion of Africa with the launch of Budweiser in South Africa before the end of 2017.

Anheuser-Busch InBev will export African beer brands with ‘huge potential’ to its global market.

A strong performance from Corona in Mexico failed to counter macroeconomic challenges in Brazil, as ABInbev’s volume sales dropped 1.4% in Q1.

Next up in the Brands Report is beer. 

Johnnie Walker and Smirnoff have once again earned a place on the Interbrand ranking of the top 100 most valuable global brands. 

AB InBev has successfully completed its buy-out of Mexican brewer Grupo Modelo in a transaction valued at USD$20.1bn

SAB Miller's Australian subsidiary, Foster's Group will no longer be allowed to import and distribute Mexican beer Corona Extra. Foster's has been informed by Corona's parent company Grupo Modelo that it intends to terminate Foster's licence to import and distribute Corona Extra in Australia with immediate effect. The brand's distribution will go to Lion Nathan.