Mexico: Latest beverage news & analysis
Constellation Brands' beer business seems to have given analysts plenty of reasons to be cheerful, following the company’s first-half results, released yesterday.
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.
Mexico's Coca-Cola FEMSA has completed its BRL3.58bn (US$1.1bn) acquisition of privately-owned Brazilian bottler Vonpar.
Coca-Cola FEMSA has posted a jump in nine-month sales as it upped prices and found volumes growth in its domestic Mexican market.
Strong sales and volumes increases in South America have driven Arca Continental's YTD performance.
Jose Cuervo has finally confirmed its intention to launch an IPO in Mexico.
SPI Group has bought into Fabrica de Tequilas Finos.
Latin American Coca-Cola bottler Arca Continental is to set up a joint venture with US-based Coca-Cola Bottling Co United as the Coca-Cola Co continues its refranchising operations.
The chief operating officer of the Coca-Cola Co has said the company's new 'One Brand' marketing strategy has helped drive sales of the company's zero calorie Coca-Cola variants in Mexico.
Arca Continental has lined up a healthy investment spend as it looks to break MXN100bn in annual sales.
Jose Cuervo has declined to comment on reports it is considering an IPO in Mexico.
Mexico's recovering consumer landscape helped drive a sales, volumes and profits increase for Coca-Cola FEMSA's fourth quarter, though net profits were down for the full year.
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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