Mexico: Latest beverage news & analysis
Coca-Cola FEMSA has had to cut around 1,300 jobs as its copes with Mexico's new soda tax, but volumes are not being as badly affected as predicted, according to its CFO.
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.
Tequila exports are forecast to continue growing next year after new estimates showed they passed the US$1bn mark for the first time in 2014.
Pernod Ricard is to sell its ready-to-drink Caribe Cooler brand as the company continues to focus on core wines and spirits.
Coca-Cola FEMSA has reported a healthy lift in nine-month sales as the group continued to benefit from its acquisitions in Brazil and Mexico last year.
Adults in Mexico claim to be drinking fewer sugary drinks since the introduction of a sugar tax, a new poll has revealed.
Constellation Brands has announced plans to raise the capacity at its Corona brewery in Mexico, and intends to purchase adjacent facilities from Anheuser-Busch InBev that will be run by a new JV with Owens-Illinois.
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.
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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