Skip to content
Subscriber Only

Soft-Drink Thirst Quenched by Pena Nieto Tax: Corporate Mexico

The world’s biggest soft-drink guzzlers are taking smaller sips after Mexico raised taxes on sugary refreshments.

Volumes of Sprite, Coke and other beverages may fall as much as 7 percent this year at Coca-Cola Femsa SAB, according to the company, which is passing the levy on to consumers with price increases. Arca Continental SAB projects a decline of about 6 percent.