Hints and tips:
...Modelo Especial, the Mexican beer distributed in the US by Constellation Brands, knocked Bud Light off its perch as the country’s best-selling beer in May....
...They included leveraged buyouts of the Mexican food chain Qdoba last year, the parent company of Chuck E Cheese in 2014 and CKE Restaurants, which owns burger chain Carl’s Jr, in 2010....
...Lazard has hired Tim Wielechowski as a managing director in its middle market consumer, food and retail group....
...Jack in the Box, which had a market cap of about $2.5bn, operates its namesake burger chain, and recently sold off its struggling Mexican fast-casual brand Qdoba to Apollo Global Management for about $305m...
...InBev achieved synergies amounting to 18 per cent of Anheuser-Busch’s sales when it bought the Budweiser brewer in 2008 and 21 per cent from Modelo, the Mexican brewer of Corona....
...Google and Quicken have opened offices in the city centre, where the Whole Foods supermarket chain offers organic produce and hip microbreweries and boutiques have cropped up....
...With oil and gas explorers such as ConocoPhillips and BP scaling back investment, companies further down the energy industry’s food chain have been hit particularly hard....
...The deal to bring together Safeway and Albertsons marks one of the largest deals in the food retail sector in recent years....
...Shares in Hillshire were little changed while Pinnacle Foods was down 2 per cent to $31.48....
...Rumbi: I loved our national week bidding day last year, which is when different countries or regions showcase their cultures through music, food and one huge party....
...In the 1990s, he worked on the Mexican and Asian crises....
...as the Mexican revolution unfolded....
...York-listed ADM said it had reached a preliminary agreement with entrepreneur Fernando Chico Pardo to sell its 23.2 per cent investment in Gruma as well as minority holdings of flour mill joint ventures with the Mexican...
...They have just agreed a deal under which AB InBev is to buy the 50 per cent of Modelo that it does not already own for $19bn, a tasty 30 per cent more than the Mexican company’s undisturbed share price....
...Anheuser-Busch InBev is to pay $20.1bn to take full control of Grupo Modelo, the Mexican brewer in which it has a 50 per cent stake, as the world’s biggest brewer continues to lead consolidation in the beer...
...It is also still hoping to buy Mexican tequila maker José Cuervo. Diageo spent £1.6bn in the last fiscal year on acquisitions in emerging markets, which now provide around 40 per cent of its sales....
...Taco Bell has been under pressure from Chipotle, another Mexican fast-food chain, and weathered negative publicity last year due to accusations that it was not using real beef in its tacos....
...Dean Foods was the latest food company to report quarterly earnings that were squeezed by higher costs and weaker consumer spending. Earnings at the dairy company more than halved year-on-year....
...Femsa, the Mexican drinks group, is to push sales of financial services through its Oxxo convenience store chain to boost profits after selling its beer business to Heineken for €3.8bn ($5.5bn) earlier this...
...Femsa, the Mexican conglomerate, hired investment bank Rothschild last year to weigh the options for its beer unit – which analysts estimate to be worth around $7.5bn – in the wake of InBev’s $52bn acquisition...
...A possible sale of Mexican brewer Femsa’s beer business to SABMiller would leave Heineken as a “distant third player” in the brewing industry, unless it “wants to go the route of merging with Diageo and...
...“If they don’t buy, it’s pretty much over for them strategically,” he said, noting that a sale to a rival would also take away Heineken’s US lucrative Mexican beer business....
...But the US partnership with Heineken has underperformed, industry insiders say, as Femsa’s beers have struggled to compete against fellow Mexican brewer Modelo and its ubiquitous top beer, Corona....
...Silver Bait LLC produces fishing worms by the millions. But that’s only the beginning of what it produces....
...Even if inflation were stoking up their economies, the theory was that they were benefiting from oil and food prices, which remain high in historical terms....
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