Mexico's Convenience Stores Are Almost Out of Beer
- Executives say unclear when Mexico will let breweries open
- CEO says government may fear beer’s role as ‘social lubricant’
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Fomento Economico Mexicano SAB, which operates Latin America’s largest chain of convenience stores, said its Oxxo stores in Mexico are quickly running out of beer after the government shuttered breweries as non-essential businesses last month.
The company, known as Femsa, told analysts in a conference call on Thursday that it was unclear when Mexican breweries run by Anheuser-Bush InBev’s Grupo Modelo and Heineken NV would be able to start operating again.