Mexico

Mexican Regulator Fines Local Walmart Unit For Monopolistic Practice

Mexico's antitrust watchdog Cofece ruled that the local unit of U.S.-based retail giant Walmart, known as Walmex, engaged in monopolistic behavior related...

Trump Tariff Plan Puts Diageo, Becle Tequila Imports Worth $3bn At Risk

Some $3 billion (€2.9 billion) in tequila and mezcal imports from top makers of the popular spirits, Diageo and Jose Cuervo owner Becle, are at risk f...

Trump Tariffs Could Raise Grocery, Liquor Bills

US prices may rise next year for avocados, strawberries and other fresh produce, and consumers could face shortages, if Donald Trump follows through on pla...

Unilever, Procter & Gamble Face Risk From Trump's Threatened Mexico Tariffs

Procter & Gamble and Unilever are among big packaged goods companies that would be exposed if US President-elect Donald Trump goes ahead with a threat...

Grupo Bimbo Acquires Balkan Bakery Group Don Don

Mexico's Grupo Bimbo, the world's largest bakery company, has acquired Slovenian-based bakery group Don Don, which has a strong presence in the Balkans.

Brewer AB InBev Softens Q3 Miss With Share Buyback, Guidance Raise

Anheuser-Busch InBev on Thursday reported third quarter profits, revenues and volumes all well behind forecasts, as the top brewer sold less beer in key ma...

Chocolate Maker Barry Callebaut Halts Production At Mexico Plant

Swiss chocolate maker Barry Callebaut has halted operations at one of its plants in Mexico after tests found that production at that site did not meet the...

Diageo Set For First Post-COVID Annual Sales Decline

Diageo is set to post its first yearly sales decline since 2020, when it needs to convince investors that plans to turn around its North American and Latin...