Heineken Terminates Agreement with Coca Cola Femsa

Femsa reported this week, he received an official notification of Heineken, communicating your intention to close the trade agreement with Coca-Cola Femsa and all other distributors of Coca Cola in Brazil. According to Femsa, Heineken announced that, due to the acquisition of the business of the Kirin in Brazil Brazil, the company intends to strengthen the structure of distribution of Brazil drinks Kirin in the future, failing to make the distribution of drinks through the distributors of Coca Cola. The contract between the two companies would end in 2022. Femsa reported that evaluates the next possible steps to be taken in the light of the decision of Heineken. "Meanwhile, we will continue making the product distribution of Heineken," said the company in a statement. Heineken reported last week that it intended to maintain and strengthen the distributors of Kirin Brazil, after the purchase of the company be approved by the Administrative Council for economic Defense (Cade). The company has not made it clear, however, whether the partnership would end with the Coca Cola bottlers in Brazil.
Profit for Coca-Cola Femsa has high of 145.5% Coca-Cola Femsa surged to 145.5% in net profit attributed to drivers in the first quarter, compared to the previous year, reaching 5.887 billion Mexican pesos (US $312.6 million). Diluted profit per share amounted to 2.84 pesos mexicanos, 145.5% increase on the same basis of comparison. In January of this year, Coca-Cola Femsa assumed control of the operation in the Philippines, expanding your financial results. The company also reported that the acceleration of sales in Mexico, overshadowed in part by a difficult scenario in Brazil and Colombia, has contributed to the growth in the first quarter. Net sales in the first quarter advanced 38.4 percent to 51.357 billion Mexican pesos ($ 2.73 billion). In volume, there was 4% drop in sales in the first quarter. The category of soft drinks had a 4.4% reduction, with fall mainly in Brazil, in Colombia, in Argentina and the Philippines.