MEXICO CITY (Reuters) - Mexican bottler and retailer Femsa FMSAUBD.
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KEY RATING DRIVERS Major Coca-Cola Bottler: CCL is a major bottler in the Coca-Cola system, and provides access to over 285 million consumers in the Asia-Pacific region to TCCC.
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For Britvic, Pepsi's British bottler, that will be sweet news indeed.
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Femsa owns the world's biggest Coke bottler, Coca-Cola Femsa KOFL.
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Juan Fonseca, head of investor relations at bottler and retailer Femsa FMSAUBD.
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MEXICO CITY (Reuters) - Latin America's biggest Coke bottler Coca-Cola Femsa (KOFL.
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I had my last bottle about nine months after the bottler moved on.
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Drinks bottler Coca Cola HBC jumped 9.2 percent after a first-half update.
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The Monterrey-based company controls the world's biggest Coke bottler, Coca-Cola Femsa.
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Regional bottler Coca-Cola Amatil has previously sold bonds in the Australian dollar market.
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Venezuela's Coca-Cola bottler has stopped production because of a sugar shortage, Reuters reports.
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CCNNE, which is an independent franchise bottler of Coca-Cola, bought Moxie over a decade ago.
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Bottler and retailer Femsa cut its total debt by 1.3 billion pesos from the end of 2016.
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We had to find another solution, so we found a bottler here in the north of England.
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Coke is still producing the diet cola, but a major bottler has stopped distribution in 14 states.
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The water is scheduled to arrive Wednesday and will be given to a food bank, the bottler said.
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The bottler of Coca-Cola Co drinks said third-quarter revenue rose 2.6 percent to 1.87 billion euros.
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Coca-Cola (KO) bought Anheuser-Busch InBev's (BUD) 54.5 percent stake in Africa's largest Coke bottler for $3.15 billion.
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An isolated consumer complaint triggered the recall and the company is conducting a review of its third-party bottler.
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The U.S.-based Coca-Cola Company was the owner of the German bottler that was involved in that deal.
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Under his leadership, the company expanded the number of brands by about 1,000 products and announced a bottler refranchising plan.
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Coca-Cola — The company bought Anheuser-Busch InBev's 54.5 percent stake in Africa's largest Coca-Cola bottler for $3.15 billion.
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Grupo GEPP, PepsiCo's bottler in Mexico, said it would temporarily shutter its own distribution center in the city in June.
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The company said in May it would sell its 4.5 percent stake in British bottler Britvic for an undisclosed amount.
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His father, Frank, had several jobs, including baker and bottler, and his mother, the former Bessie Kanaver, was a homemaker.
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Today, in the home of the first Coca-Cola bottler, you can pick up a two-liter bottle for just $1.44.
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Shares in insurer Aegon and soft drinks bottler Coca Cola HBC rose 8.5 percent and 9.4 percent respectively after their updates.
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Arca had entered talks to buy the 38.5 percent of bottler Lindley held by a subsidiary of the Coca-Cola Company.
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Arca announced a deal earlier this year to act as Coca-Cola Co's sole franchise bottler in the Southwest United States.
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Others blamed Coca-Cola Bottling Company Consolidated, the largest independent bottler and distributor of Coca-Cola products in the United States.
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LONDON, Nov 8 (Reuters) - Soft drink bottler Coca-Cola HBC reported higher quarterly revenue on Thursday, as volume gains offset weak pricing.
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To keep the bottler running while it was cut off, its German chief needed a replacement, using whatever ingredients he could find.
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The conglomerate is known for its ubiquitous chain of Oxxo convenience stores as well running the world's largest Coca-Cola franchise bottler.
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After she finished high school, she helped mobilize a boycott when a local Coca-Cola bottler wouldn't hire drivers because they were black.
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The month before, a bottler for Coca-Cola shut down its operations in the state of Guerrero because of the rampant violence there.
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Cher and bottler Icelandic Glacial are joining forces to donate 181,440 bottles of water, slated for delivery to a local food bank Wednesday.
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A pour of single malt whisky distilled at St. Magdalene (shuttered in 1983) from independent bottler Dun Bheagan will run you 925 rand.
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"We continue our third-party bottler review and will take the appropriate measures to avoid such isolated occurrences in the future," she said.
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The Mexican-listed bottler of Coca-Cola Co across Latin America has four bottling plants and 26 distribution centers in the Andean country.
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Five businesses — a beverage bottler, a garment factory, a shoemaker and two industrial greenhouse operations — agreed to hire qualified applicants by a lottery.
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One such is Conexión Capital, whose founding capital came from the sale of Panamco, a Latin American drinks bottler set up by Albert Staton.
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The Gutsche family that owns Coke Sabco owns the rest of the bottler, which has operations in 12 markets across Southern and East Africa.
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Another Coke bottler, Coca-Cola HBC, on Thursday forecast higher costs and weaker economies that will weigh on 11 results, sending its shares lower.
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The bottler received the takeover proposal last August after posting losses, in a deal aimed at restructuring the 7-Up, Pepsi and Mirinda distributor.
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Our overall favorite was from Navazos Palazzi in Spain, a joint venture between Equipo Navazos, the excellent sherry négociant, and Nicolas Palazzi, a spirits bottler.
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The series of transactions sparked a bitter legal battle with his father-in-law, Alejandro Garza, whose family launched bottler and retailer Fomento Economico Mexicano.
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Integration of Proximo: Becle merged its operations with Proximo, the main distributor and bottler of its products in the U.S. during the last quarter of 2016.
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The soft drinks bottler extended Thursday's gains after well-received results, with JP Morgan, Exane BNP Paribas and Jefferies raising their price target for the stock.
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Coca-Cola Femsa, a Mexican bottler that is partly owned by the American drinks giant, has little sugar, for example, so it is making diet soda.
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Meanwhile, bottled water is still generating attention, too, as evidenced by the $5.5 million round late last year for Kona Deep, a bottler of deep ocean water.
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Other recent deals include one by Coca-Cola Enterprises, the Atlanta bottler and distributor, to combine with two European Coke bottlers and form a new British company.
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Coca-Cola Amatil, the bottler for the beverage in Australia, is trying to shore up demand for fizzy drinks as health-conscious consumers turn away from soda.
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LONDON, Aug 10 (Reuters) - Soft drink bottler Coca-Cola HBC reported higher quarterly sales on Thursday, helped by warm weather in June and a late Easter holiday.
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The bottler of Coca-Cola drinks said net revenue was 3.23 billion euros in the first half of the year, up 6.4 percent on a currency-neutral basis.
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The world's largest independent bottler of Coca-Cola drinks on Thursday also reported higher fourth-quarter sales and operating profit, helped by higher prices that offset falling volumes.
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Schweppes, the first seltzer bottler in England, promised it could "reduce fever, ease 'biliousness' (indigestion), and address nervous afflictions and 'the debilitating consequences of hard living," Joseph writes.
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LONDON, May 10 (Reuters) - Soft drink bottler Coca-Cola HBC reported better-than-expected quarterly sales growth on Thursday, helped by higher prices and strength in developing markets.
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Much of her business career was spent at a California 7Up bottler, where she became vice president of public affairs and a part owner, according to her website.
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Europe's food and beverages sector slipped around 0.7 percent Tuesday after a Mexican bottler and retailer announced it had sold a stake in the world's second-largest brewer.
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Einride will be providing service for Coca-Cola European Partners, which is the official authorized bottler, distributor, sales and marketing company for Coca-Cola branded products in Sweden.
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LONDON, Aug 9 (Reuters) - Soft drink bottler Coca-Cola HBC reported higher half-year revenue on Thursday, helped by warm weather across Europe and the World Cup soccer tournament.
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Refresco Chief Executive Hans Roelofs said the deal will add 29 production sites, 19 of them in the United States, making it the largest bottler there and in Britain.
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Germany-based Union Investment, which manages around 343 billion euros ($380 billion) globally, bought into dollar bonds belonging to Coca-Cola's Turkish bottler Icecek (CCI), and conglomerate Koc Holding.
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On Thursday, Mexican retailer and bottler Fomento Economico Mexicano said it will expand a pilot program that uses its ubiquitous Oxxo convenience stores as Amazon package pick-up points.
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Meanwhile, soft drink bottler Coca-Cola HBC announced on Monday it would buy Serbian biscuit and confectionery maker Bambi for an enterprise value of 260 million euros ($294 million).
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In Mexico, it took on Fomento Economico Mexicano (Femsa), the world's largest franchise bottler of Coca Cola products, as well as the country's largest local bank Grupo Financiero Banorte.
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The beverage bottler said it is conducting the review following the completion of its four-year joint A$100 million ($73 million) investment with the Victorian Government into SPC.
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U.S.-based Coca-Cola Co owns a 23.2% stake in Coca-Cola HBC and a 19.11% stake in its rival bottler Coca-Cola European Partners, according to Refinitiv data.
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Once trapped, the CO₂ would then be siphoned into large tanks and trucked to a local Coca-Cola bottler, where it would become the fizz in a soft drink.
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Shares of Coca-Cola European Partners, formerly Coca-Cola Enterprises, rose more than 4.7 percent Tuesday as investors flocked into the biggest independent Coca-Cola bottler based on net sales.
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The judge has nonetheless left the door open for the plaintiffs to argue they still have jurisdiction based on a Missouri-based bottler J&J used to package its products.
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MEXICO CITY, Feb 26 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano, known as Femsa, said on Tuesday it will start selling Grupo Modelo beers at its Oxxo convenience stores.
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S&P later also lowered the outlook to "negative" from "stable" for Mexican telecoms giant America Movil, Coke bottler Coca-Cola Femsa, and upscale retailer Liverpool, keeping their ratings unchanged.
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MEXICO CITY, Oct 26 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano said on Friday its third quarter net profit fell nearly 86 percent compared with the year-earlier period.
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The Australian bottler, Green and Clean, plans to ship about 40,000 containers a month to China starting in December, and then expand to India, Malaysia, Chile and the Middle East.
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Sales, however, jumped by 21.4 percent in the quarter to 114.8 billion pesos on the back of revenue growth at its Coca-Coca bottler, stores, and health and fuel divisions.
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PepsiCo quarterly profit beat estimates as higher pricing of sodas and snack foods in North America paid off and as the company sold its minority stake in British bottler Britvic.
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MX, a Mexican bottler and retailer which sold its brewing business to Heineken in 2010 in exchange for shares, said the offer would be aimed at institutional investors outside Mexico.
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LONDON, Sept 219 (Reuters) - A €2bn-equivalent loan backing Netherlands-based drinks bottler Refresco's acquisition of the bottling activities of Canada-based Cott Corp has launched for syndication, banking sources said.
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MEXICO CITY (Reuters) - Mexican bottler and retailer Femsa said on Tuesday it will start selling popular national beers including Corona and Pacifico at its Oxxo stores, Mexico's biggest convenience store chain.
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MEXICO CITY, July 25 (Reuters) - Mexican bottler and retailer Femsa on Thursday reported that its second quarter revenue rose 9.4% over the year-earlier period, while income from operations rose 8.3%.
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MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano said on Wednesday its fourth quarter net profit rose almost six-fold from the same period a year earlier.
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Within a few months, consumers complained about increased prices, the local Pepsi distributor laid off dozens of workers, and the local Coca-Cola bottler reported a 32-percent decline in sales.
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KEY RATING DRIVERS Solid Business Position in Core Markets: CBC's ratings reflect its business position as an anchor bottler of PepsiCo, with operations in Central America, the Caribbean, Ecuador, Peru and Argentina.
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The world's largest independent bottler of Coca-Cola drinks expects to report full-year diluted earnings per share growth of about 10% compared with its prior forecast of between 10% and 11%.
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S&P later also lowered the outlook to "negative" from "stable" for Mexican telecoms giant America Movil, Coke bottler Coca-Cola Femsa, and retailer El Puerto de Liverpool, keeping their ratings unchanged.
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The UK bottler said profit before tax for the 28 weeks ended April 15 fell to 0.53 million pounds from 50.1 million pounds, as it took a charge of 21.6 million pounds.
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MEXICO CITY, July 18 (Reuters) - Mexican Coke bottler Arca Continental on Monday reported a 9.2 percent drop in net profit during the second quarter compared with the same period a year earlier.
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The bottler said foreign exchange losses fell by more than half compared with the July to September period last year, while income taxes fell by nearly a third, boosting the bottom line.
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Among the risers, drinks bottler Coca-Cola HBC surged 5.9 percent to a year-high after the company was positive on its full-year outlook following a rise in first-half profit.
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Positive rating action is not envisaged over the rating horizon owing to an inherent lack of diversification stemming from its strategic imperative to remain a major bottler of Coca-Cola in Australasia.
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MEXICO CITY, July 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano, or Femsa, said on Friday that its second quarter net profit surged about 89 percent compared to the year-earlier period.
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In March, Coca-Cola Femsa, the world's largest Coke bottler, announced that it would indefinitely shut down operations at a distribution center that employed 160 people in Ciudad Altamirano, another city in Guerrero.
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The credit rating agency also lowered the credit outlooks for a range of major Mexican financial institutions and companies, including telecommunications giant America Movil and Coca-Cola Femsa, the world's largest Coke bottler.
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AMSTERDAM, July 25 (Reuters) - Refresco's $1.25 billion acquisition of Canadian bottler Cott is in "no way" a defensive move aimed against protecting it from private equity buyers, the Netherlands-based company said on Tuesday.
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JOHANNESBURG (Reuters) - Africa's biggest Coke bottler, Coca-Cola Beverages Africa, will rethink its spending plans in South Africa if Pretoria's proposed tax on sugary drinks gets the green light, a spokeswoman said on Thursday.
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S&P followed the Pemex cut with lower credit outlooks for a range of major Mexican financial institutions and companies, including telecommunications giant America Movil and Coca-Cola Femsa, the world's largest Coke bottler.
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SABMiller and Coca-Cola have agreed concessions with the South African government to win approval for their plan to merge African soft drink operations into what would be the continent's biggest Coke drinks bottler.
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Coca Cola HBC outperformed with a 4% gain after it, along with fellow bottler Coca-Cola European Partners, reported a higher annual profit, and forecast faster growth in volume across its segments in 2020.
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Western companies, including Ford Motor Co, PepsiCo Inc and Coca-Cola's bottler Coca-Cola HBC, have also invested billions of dollars since the fall of the Soviet Union to set up local production in Russia.
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MEXICO CITY, Sept 24 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano, or Femsa, said on Monday it had reached a deal to acquire Ecuadorean drugstore operator Corporacion GPF, without providing details about the transaction.
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Shares of the UK bottler of Pepsi, 7UP and Mountain Dew Energy rose 7 percent to a record after the company also said average prices for its soft drinks rose 13 percent in the year.
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MEXICO CITY (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano said on Friday that third-quarter revenue grew nearly 21 percent from a year earlier, driven by higher traffic at its Oxxo convenience store chain.
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ICBA Executive Director Kate Loatman said the bottler association in Mexico opposed the tax and "worked with lawmakers and the media to make the point that the tax would do nothing to improve public health".
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Western companies, including Ford Motor Co, PepsiCo Inc and Coca-Cola's bottler Coca-Cola BC, have also invested billions of dollars since the fall of the Soviet Union to set up local production in Russia.
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JOHANNESBURG, May 10 (Reuters) - South Africa's Competition Tribunal on Tuesday conditionally approved a merger between SABMiller and Coca-Cola to merge African soft drink operations into what would be the continent's biggest Coke drinks bottler.
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Western companies, including Ford Motor Co, PepsiCo Inc and Coca-Cola's bottler Coca-Cola HBC , have also invested billions of dollars since the fall of the Soviet Union to set up local production in Russia.
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LONDON, Feb 16 (Reuters) - Soft drinks bottler Coca-Cola HBC reported higher full-year profit on Thursday, helped by price increases and cost cuts, though revenue was pulled lower by currency fluctuations and weakness in Russia.
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Femsa, which controls Coca-Cola Femsa, the world's largest Coke bottler, and operates the OXXO convenience stores, said the acquisition was subject to regulatory approvals and was expected to close during the first quarter of 2019.
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The credit rating agency also warned about the credit outlooks of a range of major Mexican financial institutions and companies on Monday, including telecommunications giant America Movil and Coca-Cola Femsa, the world's largest Coke bottler.
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LAGOS, Feb 12 (Reuters) - The Nigerian bourse has approved the voluntary delisting of Seven-Up Bottling Co after it received a takeover bid from its majority shareholder with the aim of restructuring the soft drinks bottler.
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Family-run since the turn of the 20th century, the company merged at the turn of the 21st century with two other beverage operations to form Arca Continental, the second largest Coca-Cola bottler in Mexico.
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MEXICO CITY, May 17 (Reuters) - Mexican bottler Arca Continental said on Thursday that it had suspended negotiations to buy shares in Corporacion Lindley because of a change in the tax burden on Lindley's products in Peru.
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MEXICO CITY, Aug 29 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday named veteran executive Eduardo Padilla as the firm's next chief executive officer effective next year, the company said in a statement.
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Analysts also flagged the lack of any merger news as weighing on the stock on Thursday, after reports from Coke HBC, rival bottler Coca-Cola European Partners and Coca-Cola itself raised some hopes of an announcement.
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N). Coca-Cola Femsa, a joint venture between Coca-Cola Co and Mexican bottler and retailer Fomento Economico Mexicano (Femsa), said it would continue evaluating acquisitions of other available territories operated by Coca-Cola's Bottling Investments Group.
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Quincey, who joined Coke in 1996, is also credited with streamlining Coke's bottling operations by merging its three main bottlers in Europe to form Coca-Cola European Partners Plc, now Coke's largest independent bottler by net revenue.
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MEXICO CITY (Reuters) - Mexico's Coca-Cola Femsa, the world's largest Coke bottler, said on Friday it had decided to indefinitely shut down operations in a town in southwestern Mexico after being crippled by violence and organized crime.
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Similar pricing disputes since the start of the year have involved companies including Nestle and Mexican bottler and retailer Femsa, according to company employees, as Maduro seeks to stem annual inflation that has unofficially topped 4,000 percent.
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MEXICO CITY, March 23 (Reuters) - Arca Continental, Latin America's No. 2 Coke bottler, on Wednesday said it had further increased its stake in Peru's Corporacion Lindley, lifting its holding of so-called investment shares to nearly 22 percent.
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In recent weeks, dairy producer Grupo Lala shuttered a distribution center in the northern state of Tamaulipas and the world's biggest Coke bottler, Coca-Cola Femsa, indefinitely shut down a 160-employee distribution center in southwestern Guerrero state.
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Local funds are more familiar with Coca Cola, especially with regional bottler Coca-Cola Amatil, rated A22/A- (Moody's/S&P), having previously issued Australian dollar bonds, including a A$150 million seven-year MTN in November 2012.
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Coca-Cola Femsa, the largest Coke bottler in the world and a joint venture of Femsa, reported a 30.5 percent jump in quarterly profit last week, helped by higher volume sales in Costa Rica, Nicaragua and the Philippines.
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Nowadays the water continues to be bottled at the source after a purification process that the bottler, Compañía Embotelladora Topo Chico, said does not alter the water's natural mineral composition, which includes sodium, magnesium, calcium, potassium and manganese.
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One example cited by the study was an alliance Nestle formed last year with fellow water bottler Danone and start-up Origin Materials to create a PET plastic bottle that hopes to be entirely bio-based after 2022.
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MEXICO CITY, April 26 (Reuters) - Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Wednesday its first-quarter net profit rose nearly 146 percent, compared to the same quarter last year, to 5.887 billion pesos ($314 million).
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MEXICO CITY (Reuters) - Mexican retailer and bottler Femsa has cut its planned gas station openings for the rest of the year by about half, it said on Friday, adding that Mexico's new government has stalled in approving new facilities.
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Maybe he'll make a stop at the Buffalo Rock bottler in Alabama for that spicy ginger ale, and with luck he'll pick up some Pibb Xtra and unique flavors of Fanta like peach and pineapple while he's down there.
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MEXICO CITY, April 27 (Reuters) - Mexican Coke bottler Arca Continental plans to ramp up its capital expenditures by 43 percent, to 10 billion pesos ($525.6 million), this year as it starts a new U.S. venture, the company said Thursday.
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MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Femsa said on Thursday its net profit fell more than half in the fourth quarter to 4.79 billion pesos ($4.79.6 million) in comparison to the same period a year earlier.
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MEXICO CITY (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano on Friday said its first-quarter net profit rose 9.7 percent year-on-year, below market expectations as a spike in electricity prices ate into a surge in sales.
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Plaintiffs lawyer Ted Meadows said he would argue the St. Louis court still had jurisdiction based on a Missouri-based bottler J&J used to package its talc products, which he said would create a sufficient connection to the state.
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The conglomerate known for its ubiquitous chain of Oxxo convenience stores as well running the world's largest Coca-Cola franchise bottler launched its Oxxo-branded gas station division in 2015, aiming to operate a large network of sites across the country.
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MEXICO CITY, July 26 (Reuters) - Mexican retailer and bottler Femsa is in a "continuous effort" to find acquisition opportunities in the United States, Brazil and Mexico, the company's chief executive Eduardo Padilla said in a call with analysts on Friday.
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MEXICO CITY (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano reported an almost six-fold jump in fourth-quarter net profit on Wednesday, driven by more shopping at its vast Oxxo convenience store chain and growth in its fuel division.
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MC: Liquid Death comes in 500 milliliter cans that are manufactured in Austria because of a lot of things that fell together, including finding a bottler there who could make our product for us and was willing to do it.
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Of the approximately 7 12-packs and 85 two-liter bottles of soda he unloaded when he returned, the trophy of the trip was Nehi Grape soda, which Florence was surprised to find at an independent bottler in Evansville, Indiana.
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MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation.
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In a twist, the trust that manages money for the Bill & Melinda Gates Foundation, one of the largest public health philanthropies, is the biggest outside investor in Coca-Cola Femsa, which is the largest Coke bottler outside the United States.
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"There's no premium for the corn and sugar we buy locally to sweeten our products, so why should there be one for aluminum?" said Kelly Clay, chief executive of Admiral Beverage, the fifth-largest Pepsi bottler in the United States.
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MEXICO CITY, Oct 28 (Reuters) - Mexican bottler and retailer Femsa said on Monday its third-quarter net profit increased by 55% in the third quarter to 7.27 billion pesos ($369 million) in comparison to the same period a year earlier.
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D. Coke, which formed Coca-Cola Beverages Africa (CCBA) along with SABMiller and the South African owners of bottler Coca-Cola Sabco in 2014, had retained the right to buy SABMiller's stake in the event of a change of control at the brewer.
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MEXICO CITY, Oct 25 (Reuters) - Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Wednesday it posted a third quarter net profit of 3.15 billion pesos ($173.4 million), a 39.2 percent increase over the year earlier quarter, as sales jumped.
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MEXICO CITY, Sept 26 (Reuters) - Arca Continental, Latin America's No. 2 Coke bottler, on Wednesday said it paid $506.8 million to purchase 223.8 million common shares of Peru's Corporacion Lindley, increasing its holding of voting shares in the company to 99.78 percent.
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Shares in Coca Cola HBC, the soft drinks bottler, were up 1.8 percent, extended gains after hitting their highest levels since September 2013, maintaining Thursday's momentum after well-received results and helped by broker Jefferies raising its price target on the stock.
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Coca-Cola HBC is seen by analysts as a possible buyer for the 57 percent stake in Coca-Cola Beverages Africa, the continent's biggest Coke bottler, that Coke is looking to sell following the takeover of its partner, SABMiller, by Anheuser-Busch InBev.
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MEXICO CITY, Aug 3 (Reuters) - Many Mexican companies, from dominant telecom provider America Movil to bottler Femsa, cut debts in the second quarter, helped by a stronger peso, although they are unlikely to rush to return money to investors or increase investment.
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Since the movie is not called The Incredibly Calm Soda Bottler Named Bruce Who Is Fine, that doesn't work out great for him, and the Hulk reemerges first as a threat, and then as a hero in the fight against Emil Blonsky/Abomination.
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Devotees of the drink who called customer service in recent weeks said they were told that the bottler had discontinued offering Tab in stores in portions of its 14-state territory, which includes Ohio, Kentucky, Virginia, North Carolina and the District of Columbia.
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His letter was dated May 25, the same day the chairman of bottler and retailer Femsa issued a public statement in which he warned about damage done in the past by "populist" policies in Mexico, while his counterpart at manufacturer Grupo Vasconia expressed concerns about a "populist" victory on July 1.
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If implemented, five emerging market companies will be deleted altogether: telecoms group Etisalat, Russia's Transneft preferential shares, Mexico's franchise bottler Coca-Cola Femsa as well as Brazilian retailer Grupo Pao de Acucar SA and pulp and paper firm Suzano Papel e Celulose SA. Another 88 would see their weighting cut.
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Among the dozen or so risers, soft drinks bottler Coca Cola HBC jumped around 1.7 percent and touched a fresh record high after several brokers upped their price targets for the stock, following a strong set of results in the previous session which saw the firm's shares soar more than 9 percent.
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KEY RATING DRIVERS Strong Beverage Business: Bepensa's ratings reflect the solid business position of its main subsidiary, Bepensa Bebidas, S.A. de C.V. (Bepensa Bebidas), which has a long and successful track record of profitability as a bottler operator of Coca-Cola's products in the territories of the Yucatan Peninsula and Dominican Republic.
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" Coke's statement also said, "We are investing locally in every market to increase recovery of our bottles and cans and recently announced the launch in Vietnam of an industry-backed packaging recovery organization, as well as a bottler-led investment of $19 million in the Philippines in a new food-grade recycling facility.
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Inside the marsh-grass limits, the landscape is a burly hodgepodge of uses: The residential Rosemont, Four Mile and Silver Hill neighborhoods float like islands among rug cleaners, stone cutters, a cola bottler, auto repair shops and tattoo parlors, as well as the last vestiges of Charleston's downtown seaport: the International Longshoreman's union hall and marine rigging suppliers.
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Coke in 2016 bought a majority stake in CCBA, the continent's largest soft drink bottler, with operations in a dozen markets including South Africa, Kenya, Uganda and Tanzania, from Anheuser-Busch InBev SA. The company said it would reclassify its financial statements from second quarter in 2019 to include CCBA as part of its continuing operations.
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Until 1983, for nearly 100 years, his family ran the Boller Beverage Company, an independent bottler of 15 of its own flavored sodas in Elizabeth, N.J. Her mother retired as a registered nurse at Croasdaile Village, a retirement community in Durham, N.C. Mr. Bastein, 39, is a general manager at Getaround, a car-sharing platform, in San Francisco.
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