Banks continues fight against competition from illegal beverage imports

Chairman of Banks DIH Group of Companies Clifford Reis

The uncontrolled illegal importation of alcoholic beverages into Guyana continues to have an impact on the sale of similar beverages manufactured by Banks DIH Ltd, though this has not prevented that part of the entity from maintaining its position as the jewel in the crown of the group of companies, a well-placed official told Stabroek Business earlier this week.

While conceding that it was “difficult to put a figure” to the loss in sales to the company resulting from the smuggling of beer, other alcoholic beverages and spirits across