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What are the companies that makes Corona beer? Check the one that markets it in the...

What are the companies that makes Corona beer? Check the one that markets it in the US and see how the coronavirus hammered its stock price...

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Answer #1

Groupo Modelo large beer brewing company in Mexico that makes the Corona beer .It is also owned by AB Invev in Belgium. Corona extra is the largest sold imported drink in United States.it is sold through various subsidiaries of Mexican company in US.Share of the company also slummed from highs of 1152 to lows of 770.

Since the outbreak of Corona, because of the impersonation of the disease, it lost bad because people started fear it and started to tag it with coronavirus. There was an extreme environment of fear and they were afraid to consume such beer which was resembling the name of the virus.It's sales also went down because of pub and restaurant which were shut down, because of the economic lockdown.there were several surveys which showed that people were not ready to consume it under any circumstances.

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