date:Mar 31, 2014
ilk, and less consumption of soft drinks.
Coca-Cola Femsa has tumbled 16% this year, the ninth biggest decline on the benchmark IPC index of 35 Mexican stocks, which has retreated 6.9%. Pepsi bottler Organizacion Cultiba SAB has fallen 17 percent. Arca Continental has dropped 5.5%.
Coca-Cola Femsa and Arca Continental declined to comment, in e-mailed statements from the companies. So did Cultiba.
Virtual Epidemic
For the Mexican government, the tax, which took effect this year, was seen as n