TIL World’s biggest beer, wine and spirits producers have collectively lost $830 billion in market value over just four years. Changing drinking habits and rising health concerns have hit earnings across the sector. Millennials and Gen Z are also not much interested in alcohol.
I’ll see if I can find it, but that “collectively lost $830 billion in market value” is doing a lot of heavy lifting. It went down from like 89% to 82% or something. That’s how much those fuckers make.