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Love of Coke persists in Mexico despite junk food tax

Tuesday, January 26, 2016

Mexico’s two-year-old tax on junk food is failing to dent its citizens’ love of sugary drinks, and that’s good news for bond investors in Coke bottler Coca-Cola Femsa.

The company is sidestepping a rout in global debt markets after reporting a rebound in purchases of soft-drinks in 2015 that erased the drop it suffered a year earlier, when the levy took effect.

Source: Bloomberg