Mexico

Mexico-based Femsa has reported surging sales for 2009. In the 12 months to the end of December Femsa's net sales increased by 17% to MXN197bn (US$15bn). Net profits jumped by 48%... 2010-02-17

Mexico's second largest grocery retailer Soriana is optimistic about its growth prospects for 2010, suggesting that a rise in consumption will lead to a 7-8% increase in its same-store... 2010-02-11

Swiss food and drink giant Nestlé has announced plans to invest MXN5bn (US$390mn) in its Mexican production and infrastructure facilities. The majority of the investment will be... 2010-02-01

Mexico-based Femsa's decision to offload its beer division to Heineken leaves the firm in a strong position to expand in its favoured sectors - retail and soft drinks. In the retail... 2010-01-22

Mexico's largest retailer, Wal-Mart de Mexico (Walmex), has posted sales growth of 10% in 2009 thanks to new store openings and a rise in sales at existing stores. Total sales for... 2010-01-12

US wine giant Constellation Brands has reported a 4% drop in net sales for its fiscal third quarter, though on an organic basis sales were up by 2%. The firm reports that US branded... 2010-01-08

Mexican food producer Gruma has announced that the Venezuelan government of Hugo Chávez has taken temporary control of one of its two Venezuelan subsidiaries. Gruma has revealed... 2010-01-04

Mexican brewer Grupo Modelo has launched a lawsuit against US-based Constellation Brands in relation to the two firm's US joint venture Crown Imports. The joint venture was launched... 2009-12-17

Mexican Coca-Cola bottler Embotelladoras Arca has completed the expansion of a plant in Culiacán, north west Mexico. The firm invested MXN350mn (US$28mn) to expand the plants capacity... 2009-12-16

Wal-Mart de Mexico (Walmex) has signed a deal to purchase Wal-Mart Centroamerica from its parent company Wal-Mart Stores, which owns 51% of the firm, and a number of regional investors... 2009-12-09