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Pandemic-driven lockdowns drained beer sales at Anheuser-Busch InBev, which dropped 31 spots in the Global 500 this year. Annual revenue for 2020 fell by 10%, to $46.8 billion, and profits dropped 15%. The Belgium-based company, with a portfolio that includes over 400 beer brands, from Budweiser to Corona to Stella Artois, saw sales decrease across the U.S., Europe, the Middle East, and the Asia Pacific region owing to stay-at-home and social distancing orders that shut many bars, restaurants, and nightclubs. To help pay down its ballooning debt pile, which stands at five times Ebitda, the company sold Australian subsidiary Carlton & United Breweries to Asahi for $11.7 billion.
Olivier Matthys—Bloomberg/Getty Images
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