date:Jul 21, 2014
rres cited Arcas strategy of raising prices in the first quarter to cover the excise tax and then adding another increase in the second quarter to account for inflation. HSBC maintained its hold rating in a report today.
Mexico began taxing sugary drinks in January at one peso per liter in an effort to curb obesity. Also this year, the government applied an 8 percent levy on junk food.
The challenging economic and consumption environments facing the first half of the year in Mexico and Argenti