Blog: Mexico's uncomfortable truth - soda before toilet paper
Andy Morton | 2 May 2014
Before the government introduced a new sugar tax this year, Mexico's soft drinks industry was one of the world's biggest.
Despite January's duty hike, it's still pretty huge, largely because - no matter the price - Mexican's won't give up their soda.
What they are willing to give up in its stead was put in stark relief by Coca-Cola FEMSA CFO Héctor Treviño Gutiérrez this week. Consumers, he said, hit by across-the-board price jumps on household staples, are “prioritising” soft drinks.
“They are not spending as much on other things like toilet paper."
Analysts, I hear, are unsure what this means for the bottom line.
Sectors: Soft drinks
It would appear that the folk at the UK arm of Carlsberg have this year found the 'gimmicky' drawer in the marketing office....
It's a popular grizzle and one I'll admit to having on at least one or two occasions… a day. Why do people post photos of their food and/or drink on to my social media feed?...
After a 2014 it'll want to forget, Treasury Wine Estates has some good news....
The garden shed is usually home to some spiders, a lawnmower and a few half-empty paint tins. ...
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