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.
Coca-Cola Femsa has taken a hit in Q1 sales and profits as the company switches its Venezuelan unit to a new government-regulated currency exchange rate.
Arca Continental has reported a jump in first-quarter sales and profits as it laps the introduction of Mexico's soda tax.
Ball Corp has announced plans to build a new two-line beverage can manufacturing plant in Monterrey, Mexico.
Pernod Ricard has completed the sale of ready-to-drink brand Caribe Cooler to Mexican conglomerate Grupo Bepensa for an undisclosed sum.
Heineken has confirmed plans to invest MXN7.35bn (US$470m) in building its seventh brewery in Mexico as its eyes further growth.
Diageo is putting its weight behind the Tequila category after revealing plans to invest around US$400m in its Mexico operations and Don Julio brand.
Diageo has completed its deal to regain full control of Tequila Don Julio from former joint partner Casa Cuervo.
Coca-Cola FEMSA has posted a drop in full-year profits and sales after currency fluctuations in Venezuela hit performance.
Heineken has completed the sale of Mexican packaging business Empaque to Crown Holdings, and has launched a share buyback using most of the proceeds.
Crown Holdings is to boost its beverage can capacity in Mexico by two million units after unveiling plans for a fourth production plant in the country.
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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