date:Mar 31, 2014
Its also expanding its South American operations.
Old Habits
Its too soon to say whether Pena Nietos soda tax will lead to a long-term decline in soda drinking, said Karla Miranda, an analyst at Corporativo GBM SAB who recommends holding Coca-Cola Femsa and Arca Continental while buying Cultiba. (CULTIBAB)
Consumers may return to their old habits after rebounding from a broad round of price increases this year, she said. In addition to the soda levy, Mexico also adopted an 8% junk-food tax t