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Tequila giant Becle sees costs easing after troubled year

MEXICO CITY (Reuters) -Mexican distiller Becle, the world's largest tequila maker, said on Friday it expected the lower input costs that helped it post a forecast-beating fourth quarter profit to continue in 2024. On Thursday, Becle reported a 41% profit jump, despite declining sales and volumes after months of unfavorable exchange rates, which it attributed to lower costs as well as its strategy of selling more higher-priced premium liquors. However, they warned that an economic slowdown, notably in the European region, was denting demand for expensive spirits.

United statesSarah morlandAida pelaez fernandezAnthony esposito

Tequila giant Becle sees costs easing after troubled year

Tequila giant Becle sees costs easing after troubled year
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United statesSarah morlandAida pelaez fernandezAnthony esposito

Tequila giant Becle sees costs easing after troubled year

MEXICO CITY -Mexican distiller Becle, the world s largest tequila maker, said on Friday it expected the lower input costs that helped it post a forecast-beating fourth quarter profit to continue in. -February 23, 2024 at 12:15 pm EST - MarketScreener

United statesAida pelaez fernandezSarah morlandAnthony esposito

Elections, volatile currency top risks for LatAm nearshoring, NTT Data says

A top executive for Japanese tech firm NTT Data said recent nearshoring trends are encouraging companies to move to Latin America, particularly Mexico, but noted concerns by NTT and its clients over.

United statesJoe bidenAida pelaez fernandezChieri kimuraDonald trumpLatin americaNorth americanPresident joe bidenBill berkrot

Retailer Walmex may keep adding new stores in Mexico, CEO says

MEXICO CITY -The chief executive of Mexican retailer Walmex on Thursday said the company could continue to grow its footprint in Latin America s No. 2 economy, after 2023 marked its fastest year for. -February 15, 2024 at 11:20 am EST - MarketScreener

United statesSarah morlandKylie madryGuilherme loureiroAida pelaez fernandezCentral americaChief executive guilherme loureiroWalmart expressHurricane otis