Fomento Economico Mexicano SAB, which operates Latin America's largest convenience store chain, said its Oxxo stores in Mexico are quickly running out of beer after the government shut down breweries as non-essential businesses last month.
The company, known as Femsa, told analysts in a conference call Thursday that it was not clear when Mexican breweries managed by Grupo Modelo of Anheuser-Bush InBev and Heineken NV could start operating again.
According to Juan Fonseca, Femsa's head of investor relations, running out of beer would hurt the company's sales. In a call . . .
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