Blog: Andy MortonMexico'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

BLOG

When life gives you lemons, make soap

Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....

BLOG

Small measures required as Philadelphia soda tax adds up

Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....

ANALYSIS

Coca-Cola HBC FY 2016 by market - results data

Earlier this week, Coca-Cola HBC issued its results for 2016. The group saw its 12-month sales rise by 3% on an organic basis, with net profits leaping by over 20%. Here, just-drinks breaks down Coca-...

BLOG

Accolade Wines and a giant of the tennis world

Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...

NEWS

Lucozade Ribena Suntory's Lucozade Zero Original - Product Launch

Lucozade Ribena Suntory will launch an Original flavour variant under its Lucozade Zero brand in the UK....

BLOG

Situation Vacant - Must love whisk(e)y

Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....

just-drinks homepage



Forgot your password?