Mexico

Shares in Mexico's two largest brewers have been hit by the swine flu epidemic after the Mexican authorities ordered the closure of bars and clubs. Shares in the country's largest... 2009-04-29

Mexican bread maker Grupo Bimbo has reported a 26% rise in earnings for the first quarter of 2009 following the acquisition the US bread-making unit of Canada-based food and retail... 2009-04-27

Mexican brewer Grupo Modelo, which markets Corona beer, has announced plans to cut 1,200 jobs and has attributed the move to the global economic downturn. The firm, which is 50%-owned... 2009-04-01

Mexican retailer Comercial Mexicana (Comerci) has been given more time to restructure its debt by its four key US creditors. Comerci and its banks have been negotiating on its debt... 2009-03-24

Comercializadora Santos Imperial (CSI), a joint venture owned equally by US sugar refiner Imperial Sugar and Mexico's Ingenios Santos, has entered into a sale marketing agreement... 2009-03-11

Mexico-based soft drinks firm Coca-Cola FEMSA has reported a 19% decline in net profit for 2008 despite posting a 20% rise in revenues. FEMSA's profits were mainly hit by the devaluation... 2009-02-26

The chief executive of Wal-Mart de Mexico (Walmex) has announced that the firm will invest MXN11.8bn (US$805mn) in 2009 to open 252 new stores. This represents an acceleration on... 2009-02-25

The director of Mexican convenience store chain Oxxo, a subsidiary of Mexican beverage giant FEMSA, has said that he expects sales to fall this year due to the impact from the global... 2009-02-18

Mexico's leading producer of poultry products, Bachoco, has posted a net loss of MXN873.5mn (US$61mn) for the three months to December 2008. The result contributed to the firm net... 2009-02-16

Mexican conglomerate Alfa has posted a fourth quarter loss of MXN9.62bn (US$696mn) due to a US$770m loss from exchange and derivatives trading. However, the firm's chilled food unit... 2009-02-06