Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Industry / Venezuela

Coca-Cola Offices Shut Temporarily On Tax Charge

March 2007 | Company News Alert

Coca-Cola FEMSA's operations in Venezuela faced a three-day shutdown for alleged violations of tax regulations. The move against the Mexican based owner of the Coca-Cola franchise in Venezuela coincides with US President George Bush's tour of Latin America and Venezuelan President Hugo Chávez's high-profile rival tour aimed at critiquing US policy in the region. The move will add to the nervousness of foreign-owned food and beverage operators in the country, who are already plagued by worries about the potential of a currency devaluation and economic

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