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Virus to Cut Diageo Drink Sales by as Much as $420 Million

Quiet Financial and Shopping District As Markets Reopens to Crisis After Break

Photographer: Qilai Shen/Bloomberg 

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Diageo Plc said the coronavirus will reduce its sales by as much as 325 million pounds ($422 million) this year after bars and restaurants were shut in large parts of China, reducing demand for alcoholic drinks.