Industry Developments

Beers from Spain's Mahou San-Miguel are set to become available in Mexico after the firm signed a distribution deal with its Mexican counterpart Grupo Modelo. The deal will see Modelo... 2011-12-07

US supermarket operator Kroger has continued to defy the gloomy economic environment to post strong results for its latest financial quarter. In the three months to November 5 2011... 2011-12-02

Brazil's largest food firm Brasil Foods has announced that it is to invest BRL140mn in a new margarine plant in the state of Pernambuco. The facility will have capacity to produce eight... 2011-11-30

The Venezuelan government of President Hugo Chávez has enacted a new law imposing price freezes across a range of fast moving consumer goods. Vice President Elias Jaua announced that... 2011-11-28

Conagra has demonstrated that it is sticking with a strategy of expansion within the private label sector by announcing the purchase of US private label firm National Pretzel. The move... 2011-11-25

US-based fast food retailers have seen disparate performances with regard to their share prices with Domino's Pizza and Chipotle Mexican Grill outperforming their peers.

Switzerland-based Nestlé has announced the opening of a new dairy plant in the Brazilian state of Rio de Janeiro. The new facility will receive 200,000 litres of milk per day and will... 2011-11-23

Canada's Magnotta Winery Corporation is set to delist from the country's stock exchange after the firm's founding family decided to take the company private. The family owns around... 2011-11-23

US coffee shop chain Starbucks has announced the opening of its 500th outlet in Latin America, demonstrating its steady progress within this high potential market. Starbucks currently... 2011-11-22

Chile-based retailer Cencosud has announced the acquisition of Brazilian supermarket chain Prezunic in a deal worth BRL685.7mn. The move builds Cencosud's market share in the state... 2011-11-21