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
Here's a round-up of the top stories on just-drinks last week, featuring PepsiCo and Coca-Cola Co, Castel, Molson Coors and the cachaca sector....
Drinks distributor Major Brands is set to acquire fellow Missouri-based wholesaler Missouri Beverage Co (MoBev)....
There was a big focus on supermarkets and their Scotch offerings this week when a couple of own-brand malts scooped top awards at the International Wines and Spirits Competition (IWSC)....
You can't seem to move at the moment for news of US craft brewers expanding....
Canada's Lassonde Industries has finalised its US$147.9m takeover of US juice maker Apple & Eve....
Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
- just The Preview - Diageo's FY preliminaries
- Analysis - SABMiller's Australian issues continue
- Focus - SABMiller's Q1 Performance by Region
- PepsiCo to consider more re-franchising - CEO
- PepsiCo find stability but Peltz concerns linger
- Diageo silent over Shuijingfang writedown report
- Diageo's Captain Morgan Facebook ad banned
- Sales, profits fall at Moet Hennessy in H1
- Champagne Nicolas Feuillatte appoints new CEO
- Molson Coors CEO to retire