July 23, 2014
Mexican Coke bottler Coca-Cola Femsa said on Wednesday its second-quarter profit fell 4.6 percent in spite of higher sales as it faced restructuring charges and paid more interest on debt it took on to acquire businesses in Brazil.
Femsa reported a second-quarter profit of 2.68 billion pesos ($206 million), compared to a profit of 2.81 billion pesos in the year-earlier period.
July 17, 2014
07/17/14 Financial Times
Investment in Mexico: it’s the real thing. Coca-Cola’s announcement that it will pour $1bn into the country every year until 2020 is just the latest in a string of recent big-ticket spends in a country where manufacturing is leading the country out of an untimely economic slump.
The US beverage maker, whose operations in Mexico include eight bottling groups in Mexico, juices and dairy as well as sodas and water, said it would invest more than $8.4bn from 2014-2020, bringing the total invested in Mexico during the decade to $12.4bn.
November 4, 2013
Mexico’s new soft drink tax could push the nation’s Coca-Cola makers away from the cane sugar that’s made “Mexicoke” a cult hit in the US.
Executives from the second-largest bottler of Coca-Cola in Latin America suggested that a shift away from cane sugar might be in the cards as a result of the steep sales tax on soda Mexico’s congress approved on Thursday (Oct. 31). American Coke enthusiasts claim the Mexican version tastes better than what they get in the US, which some say is because Mexican Coca-Cola is made with cane sugar rather than high-fructose corn syrup.
November 4, 2013
The New York Times, 11/3/1013
By David Toscano
For most Mexicans, money is something you need, not something you cherish for its own sake. That’s why the new taxes on sodas and junk food were mostly contested by the business community. The average Mexican just shrugged.
July 2, 2013
Mexican soft drink bottler Coca-Cola Femsa SAB is looking to drive more consolidation in the Coca-Cola Co. bottling system by moving its acquisition spree to Brazil, Latin America’s biggest economy and largest consumer market.
After having snapped up several regional bottlers in Mexico over the past two years, the company has agreed to pay $448 million in cash for Rio de Janeiro-based Coke bottler Companhia Fluminense de Refrigerantes. Coca-Cola Femsa Chief Executive Carlos Salazar called the deal an important step in the Coke system’s consolidation process, telling analysts during a conference call Monday that the acquisition also highlights the strategic significance of the Brazilian market, which is one of Coke’s top-five markets for volume consumption worldwide.
May 16, 2013
Mexico’s revamped retail industry has seen its greatest transformation at the level of mom-and-pop stores: where disorganized, dingy and poorly-supplied grocery stores were once common in metropolitan areas, there are now brightly-lit, well-stocked and strategically located convenience stores. Now another retail segment faces a similar revolution: pharmacies. And the company likely to lead this turmoil is, again, Fomento Económico Mexicano, or Femsa.
Femsa owns Oxxo, Mexico’s leading convenience store chain. It now wants to replicate a business model that has allowed it to open more than 10,500 convenience stores across the country in 30 years and generate nearly $7.1bn in annual revenue, by running and expanding a small-size pharmacy retail chain. Femsa – which is also the largest publicly-traded Coca-Cola bottling company in the world – recently completed the purchase of Farmacias Yza, one of the leading pharmacy chains in southeastern Mexico. This week, it announced a second acquisition, of Farmacias FM Moderna, based in the state of Sinaloa on the Gulf of Carifornia.
April 26, 2013
Al Jazeera, 4/26/13
Mexicans have always loved to eat and drink, but rapidly changing dietary habits have created a nation in danger of eating themselves to death. Mexican schoolchildren are now some of the fattest in the world, with one in three classified as overweight or obese – a 27 percent rise in 12 years, according to the latest National Survey of Health and Nutrition. Their parents also score high on global ranking tables – weighing in second behind only the United States.
Among adults, a staggering 73 percent of women are overweight or obese; men are only marginally thinner, with 69 percent “abnormally” sized. The National Survey reveals what is obvious to even an untrained eye: people of a “normal” or healthy weight are becoming a rare breed in this food-obsessed country. Mexico’s biggest killers are now cardiovascular diseases – including heart failure, myocardial infarctions (heart attacks) and strokes – and diabetes. Together these accounted for 150,000 deaths in 2012, according to World Health Organisation figures.
March 25, 2013
During Fernández’s tenure, FEMSA has grown from a $1.2 billion Mexican beverage company into a $36 billion Latin American powerhouse. It operates the world’s largest Coca-Cola bottler and the region’s fastest-growing retailer, the Oxxo convenience-store chain. When it became clear that global giants were transforming the beer industry, this pragmatist sold the beer business that his wife’s family founded in 1890, to Heineken, in a lucrative deal that gave FEMSA a 20% stake.
As a child, Fernández was called Diablo, a common nickname for hyperactive kids. He still has energy to spare. After two FEMSA security guards were killed in a drug shootout, he sought new ways to make the city of Monterrey safer, focusing more on community and social programs to improve prospects for youth. He also teaches an engineering course at his alma mater, the Tecnológico de Monterrey.
July 20, 2011
Mexico’s Coca-Cola Femsa (KOFL.MX) (KOF.N), the largest Coke bottler in Latin America, reported a 6 percent rise in second-quarter profit as higher sales offset rising costs of raw materials.
“Our performance was supported by volume growth across all of our divisions and our ability to implement pricing initiatives over the past several months throughout our main markets,” Chief Executive Officer Carlos Salazar said in a statement.