Mexico: Latest beverage news & analysis
Mexico is a “good story” for Heineken as it continues to integrate FEMSA Cerveza, an analyst has said.
Coca-Cola FEMSA's CFO has said a proposed tax on sugary beverages in its domestic market of Mexico will reduce volumes and lead to job losses at the bottler's plants.
Grupo Modelo and Heineken are likely to lose “modest” volumes to craft brewers in Mexico after the opening up of the country's beer market, but the two global brewers will see some “net positive”, according to an analyst.
Grupo Modelo is likely to be worse affected than its rival Heineken by the opening up of Mexico's beer market, according to an analyst.
Earlier this week, Anheuser-Busch InBev announced it had completed its US$20.1bn acquisition of Corona brewer Groupo Modelo. Here we take a look at some of the facts and figures as a result of the deal:
Mexico's Tequila exports jumped 16% to US$568m in the first half of this year, local media has reported.
Heineken is to sell its Mexican packaging business Empaque to Crown Holdings, in a deal valued at US$1.23bn.
Heineken has agreed a five-year deal to make its Tecate brand the official beer of FC Barcelona in Mexico.
Coca-Cola FEMSA has seen sales in its half-year receive a boost from last year's purchases in Brazil and Mexico.
Arca Continental, Latin America’s second largest Coca-Cola bottler, has seen its first-half volumes slip as a new sugary drinks tax in Mexico took its toll, but the group’s profits rose.
The Coca-Cola Co has pledged to invest US$8.2bn in Mexico over the next six years despite the country's government having introduced a sugar tax.
The Coca-Cola Co is to supply drinking water fountains to Mexican schools in a joint investment worth MXN26m (US$2m).
The Scotch Whisky Association (SWA) is set to sign a "cooperation agreement" with Mexico's Tequila Regulatory Council this week to help boost protection of both spirits globally and encourage "fair" competition.
Tequila exports rose 3% by volume in 2013, with orders from the biggest customer, the US, rising by more than 5m litres.
Arca Continental has reported a drop in first-quarter volumes as Mexico's soft drinks tax began to bite, but the group's profits were up.
Before the government introduced a new sugar tax this year, Mexico's soft drinks industry was one of the world's biggest. Despite the rise, it's still pretty huge, largely because - no matter the price - Mexican's won't give up their soda.
How are things shaping up in the beer battleground that is Mexico? CNN took a closer look at one of the world's biggest beer markets, by volume, where Anheuser-Busch InBev, through Grupo Modelo, and Heineken, through its 2010 acquisition FEMSA Cerveza, are dominant.
Anheuser-Busch InBev has sold the stake in Mexican football team Santos Laguna that it inherited through its US$20.1bn acquisition of Grupo Modelo.
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