Industry Developments

Mexican brewer Grupo Modelo has reported positive sales and earnings growth for its latest financial year. In the 12 months to the end of December Modelo registered 17.3% increase in... 2012-03-07

US food firms are generally less exposed to emerging markets (EM) than their European counterparts (see chart). This has meant on average they have underperformed over the last five... 2012-02-28

Italian confectionery giant Ferrero has announced plans to spend US$190mn to build a new plant in Mexico. The facility will be located in the city of San José Iturbide in the state... 2012-02-28

Mexican bakery giant Grupo Bimbo has reported a rise in sales but a drop in profits for 2011. In the 12 months to the end of December Bimbo registered a 14.1% increase in net sales,... 2012-02-27

Mexico-based Coca-Cola Femsa has entered into a 12 month exclusivity agreement with The Coca-Cola Company (Coke) to evaluate the potential acquisition of the firms bottling operations... 2012-02-24

US retail giant Walmart has seen its share price hit after revealing that a strategy of cutting prices to entice customers had had a negative impact on its margins in the fourth quarter... 2012-02-22

Brazil's largest retailer CBD has posted an increase in its net sales and earnings for 2011, with group net profits up by 16.1% and net revenues up by 46% to BRL46.6bn on the back of... 2012-02-20

US food group Kellogg has announced the purchase of potato chip brand Pringles from Proctor & Gamble (P&G) for US$2.7bn. The move comes after US snack producer Diamond's proposed... 2012-02-16

US food and drink giant PepsiCo has announced a series of moves designed to revitalise its poorly performing North American soft drink business. Most notably the firm plans to cut costs... 2012-02-14

According to reports in Brazilian newspaper O Estado de S.Paulo, US food firm General Mills has signed a deal to acquire Brazil-based Yoki in a deal worth BRL2bn. The firm produces... 2012-02-14