Mexico

Mexican brewer Grupo Modelo has announced a drop in profits for the second quarter despite a slight increase in sales. Net majority income fell by 18% y-o-y due to rises in the cost... 2008-08-05

Soriana, Mexico's second largest retailer, has posted a massive jump in turnover for the second quarter of 2008 thanks to the acquisition of Gigante's retail operation, which it bought... 2008-07-23

Wal-Mart de Mexico (Walmex) has reported trading in line with expectations for the second quarter of 2008. The largest retailer in Mexico reported that sales for the period were up... 2008-07-11

Mexico-based FEMSA has announced it will invest nearly US$1.4bn this year. This represents a 40% increase in the amount invested last year, and the firm has earmarked the greatest... 2008-07-03

On June 19 Mexico became the latest Latin American country to announce a wide-ranging system of price freezes in an attempt to stem rampant food price inflation. The announcement... 2008-06-23

Serious flooding in the major US corn-growing region has caused a spike in the price of corn and raised concerns about the impact on food and drink firms. The event is likely to put... 2008-06-18

The two largest brewers in Mexico have posted contrasting results for the first quarter of 2008. Grupo Modelo has reported that its sales for the quarter fell by 2.5%, primarily due... 2008-05-29