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Mexico: Grupo Modelo to refocus on beer with store sales

By  |  February 10, 2014

Beer giant Grupo Modelo, part of Anheuser-Busch InBev, announced plans to divest its chain of convenience stores as it looks to refocus its business on the beer market.

Circle K convenience stores will acquire the Model stores in Mexico, report say, an acquisition that will allow the company to more adequately compete with market leader Fomento Economico Mexicano.

The rival, also known as Femsa, sold its own beer operations to Heineken in 2010 to focus on the convenience store industry.

Reports did not disclose the financial details of the sale.

Full Content: Wall Street Journal

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