Mexico: Diageo acquires Pierde Almas mezcal
Diageo, the global spirits firm, is making a further play in the mezcal space with the acquisition of ultra-premium brand Pierde Almas. Pierde Almas is produced in Oaxaca, Mexico from naturally fermented agave and is know for its social, cultural and environment awareness, the Spirits Business reports. The mezcal will be the second in Diageo’s portfolio. Its […]
Chile: Nestle opens new Purina plant
FMCG giant Nestle has announced the opening of a new pet food plant for its Purina brand, located in Teno in the Maule region of Chile According to Economia y Negocios, the company has invested $120 million in the new plant, which it expects to produce 65,000 tons of pet food per year. This will […]
Argentina: Walmart and Mercadoni form e-commerce alliance
The Argentinian arm of US retailer Walmart and Mercadoni, a leading online shopping platform, have announced a partnership agreement enabling online orders to be delivered faster, according to a report in America Retail. According to sources, the agreement allows orders in the city of Buenos Aires to be delivered within two hours of being placed. […]
Colombia: Coca-Cola FEMSA invests in new plant
Coca-Cola FEMSA, the world’s biggest Coca-Cola bottler by volume, has announced plans to invest $430 million in a new plant in Tocancipa, Colombia. The new facility, located in Coca-Cola FEMSA’s industrial facilities in Cundinamarca, is part of a network of seven plants that the bottler has throughout the country. The new facility will reportedly handle […]
Brazil: Carrefour to open 50 new stores in 2018
French retailer Carrefour has announced that it intends to invest R$1.8 billion ($532.7 million) in Brazil across 2018, with plans in place to open 50 new stores over the course of the year. According to InfoMoney, the investment was announced by the company’s CFO Sébastien Durchon during a meeting with investors. The retailer said it […]
Argentina: Mondelez launches Milka Bis! Wafer bars
Consumer goods giant Mondelez has expanded its portfolio in the confectionery space with the launch of Milka Bis! wafers in Argentina. The new product is described as a set of crunchy wafers that are coated with Milka chocolate. The size is said to be ideal to enjoy the combination of wafer and chocolate “anytime, anywhere”. […]
Mexico: Chedraui acquires Fiesta Mart
The US arm of Mexican grocer Chedraui has reached an agreement to acquire the Texan supermarket chain Fiesta Mart. The deal was made through Chedraui’s California-based division Bodega Latina, owner of the El Super chain, and allows Bodega Latina to expand to Texas, where Fiesta Mart operates 63 supermarkets. Commenting on the purchase, Bodega Latina’s […]
Mexico: Constellation Brands to increase capacity at Obregon brewery
Constellation Brands, the US-based alcoholic drinks firm, is to invest $900 million to upgrade capacity at its Obregon brewery in Mexico, according to a report in Just Drinks. Constellation Brands bought the plant from AB InBev subsidiary Grupo Modelo at the end of 2016 with the aim of enhancing its ability to serve its largest […]
Brazil: Mondelez to close two facilities
Snacks and confectionery multinational Mondelez has announced plans to close two factories in Sao Paulo, Brazil. According to InfoMoney, the decision to cease operations at the two factories – one in Buaru and the other in Piracicaba – was taken in order to optimise the company’s production network and guarantee sustainable growth. The company will […]
Brazil: Nestle to invest R$200 million in Nescafe Dolce Gusto site
FMCG giant Nestle has announced that it is investing R$200 million ($61 million) in its Nescafe Dolce Gusto Factory in Brazil, located in Monte Claros, Minas Gerais. According to InfoMoney, the investment will double the factory’s current production capacity to 800 million capsules per year. The investment will allow the opening of two new production […]