Beer Sales Slump in Asia Puts Heineken’s Profit at Risk

Heineken, the Dutch brewing giant renowned for its eponymous beer label and a portfolio of more than 300 brands, including Tiger beer and Amstel Lager, faced disappointing earnings and a cut in its financial outlook for the first half of 2023. The main culprit behind the decline in net profit was the sluggish demand for beer in the Asia Pacific region, which typically represents the company’s most profitable market.