Brazil: Marfrig reports Q1 loss of R$ 570.9 million
Marfrig, Brazil’s third largest food processing company, has announced a net loss of R$ 570.9 million ($188 million) for the first quarter of 2015. Describing the start to the year as “challenging”, the company said that its bottom line had been especially affected by currency fluctuations, although the exchange rate is said to also have […]
Mexico: Arca Continental to Invest Ps.$5,200 million in 2015
Arca Continental, Coca-Cola’s second largest bottler and the largest in Latin America, has announced an investment for 2015 of Ps. $5.200 million ($341 million), mainly to strengthen market and sale operations in Mexico and also to establish new production facilities in South America. In addition to automating a plant in Mexico, the company plans the […]
Argentina: Danone launches Ser Joyful yoghurt
Danone has launched its latest yoghurt product – Ser Joyful – in an attempt to boost growth in the fat-free yoghurt sector in Argentina, according to a report in Adlatina. The new yoghut is described as featuring fruit pieces and twice as much protein as a regular yoghurt, as well as containing fewer than 99 […]
Brazil: Groupe Casino aims to expand presence
French retail group Casino is looking to strengthen its presence in Brazil, including expanding its geographical footprint, according to an article from newspaper Le Figaro cited by rFi. The reports come on the back of last year’s 9.2% sales growth for Casino in Brazil, the group’s second largest global market after France. Groupe Casino has […]
Brazil: Carrefour announces expansion plans
French retail giant Carrefour has announced its plans to invest in Brazil in 2015 with the remodelling of its larger hypermarkets and the expansion of its chain of local stores in Sao Paulo. During a press briefing, Group CEO Charles Desmartis announced that 20 stores would be remodelled over the course of the year, with […]
Mexico: Modelo Group launches online platform for speciality beer
Modelo Group, a leader in the manufacture, distribution and sale of beer in Mexico, has announced the launch of a new online platform focused on speciality beer. Named Beerhouse and available at www.beerhouse.mx, the new portal offers a wide variety of domestic, craft and imported beer, including brands that are not yet available in the […]
Mexico: Heineken to invest in new brewery
Heineken has announced that it is investing M$7.5 billion ($480 million) to build a new brewery in Mexico. Located in the city of Meoqui in Chihuahua, the new facility is designed to meet demand in the US and Mexican market. Since entering Mexico, Heineken has become one of the country’s two main beer producers, selling […]
Brazil: Bacardi and Beam Suntory seal distribution agreement
Bacardi has signed an agreement with leading spirits producer Beam Suntory to distribute the latter’s range of products in Brazil. The agreement includes Teacher’s, the top selling Scotch whisky brand in Brazil, and the bourbon brands Maker’s Mark and Jim Beam. The partnership aims at expanding Beam Suntory’s geographical reach and strengthening its long-term commitment […]
Uruguay: Gloria Group to close dairy plant
Gloria Group, Peru’s leading player in milk and dairy products, has announced the closing of its subsidiary Ecolat Uruguay S.A. The Uruguayan company, which was acquired by the Peruvian conglomerate in 2012, was the second biggest exporter of dairy products in the country and employed 400 people. According to reports, the viability of the plant […]
Uruguay: Helados Conaprole launches Splash De Frescura Ice Cream
Helados Conaprole has added a new limited edition Splash De Frescura (‘Fresh Splash’) variety to its ice cream range for the summer season in Uruguay. Described as a “refreshing strawberry and mango sorbet made with natural fruit puree”, Splash De Frescura is said to feature a texture and flavour that allow for new ways of […]