date:Jul 24, 2014
od and sugary-drinks taxes.
Coke Femsa has said it expects sales volumes in Mexico to drop between five and seven percent this year as a result of the 1 peso (8 cents) a liter (34 ounces) tax on sugary drinks.
Excluding the integration of Yoli, Coke Femsa said its revenue fell 2.1 percent in Mexico. Latin America's No. 2 economy accounts for close to half of Coke Femsa's total revenue, even after a string of acquisitions outside of Mexico in the last few years.
Not all of Coke Femsa's recent