Moutai's Q1 profit up 16.7% despite virus lockdowns
China liquor giant's solid performance latest sign of resilience in country's demand for luxury goods
Wed, Apr 29, 2020 - 5:50 AM
LIQUOR giant Kweichow Moutai Co's buoyant first quarter earnings is the latest sign that China's demand for luxury goods is resilient, a relief for global brands dependent on the Asian nation to drive growth.
The maker of fiery baijiu drink reported a gain in profit for the...