Industry Developments

US-based PepsiCo has recorded strong revenue and profits growth for the first half of 2008. The soft drink and snack food giant reports that total revenues were up by 14%, while operating... 2008-07-24

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

The chief executive of Carrefour's Colombian unit has revealed that the retail giant plans to spend US$300mn opening 15 new hypermarkets in the country in 2008. This substantial investment... 2008-07-18

According to reports in the local Brazilian press retail giant Wal-Mart has outlined plans to invest a BRL52.8mn (U$33mn) to renovate and expand 18 stores in south of the country.... 2008-07-15

According to reports in the local Brazilian press retail giant Wal-Mart has outlined plans to invest a BRL52.8mn (U$33mn) to renovate and expand 18 stores in south of the country.... 2008-07-15

Belgian brewer InBev has agreed to acquire US brewer Anheuser-Busch (A-B) in a deal worth US$50bn. The agreement, which follows a drawn out and acrimonious takeover battle, will create... 2008-07-14

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

Costa Rican dairy manufacturer Dos Pinos has been expanding aggressively in Central America over the last few years and has recently announced plans to invest US$6mn in a new plant... 2008-07-10

In Argentina, controversial agricultural export taxes look likely to become permanently enshrined in law after they were narrowly approved by the country's lower house. The tax increases,... 2008-07-09

Chilean beverage firm Compania Cervecerias Unidas (CCU) has announced that its total volume sales in the first half of 2008 were up by 12.1% compared to the same period a year ago.... 2008-07-08