date:Jan 27, 2014
The food and beverage market in Mexico will be getting a significant makeover during the next five years thanks to two sizable investments announced Jan. 24 by PepsiCo, Inc. and Nestle S.A.
PepsiCo said it plans to invest $5 billion in Mexico over the next five years, a move the Purchase-based company believes will further strengthen its food and beverage business in Mexico, one of the most attractive markets in Latin America with a growing middle class and numerous opportunities for long-term