Remember those predictions back in December? Set them aside for now. They didn't factor in the Covid-19 crisis, a development that wasn't on anybody's radar at the time.

France has banned indoor gatherings of more than 5,000 people and Cannes organizers are said to be scrambling to draw up an action plan.

Corona parent Constellation Brands said concerns raised by a recent survey about the brand's business and consumer sentiment were "unfounded."