MEXICO

GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. REITERATES ITS COMMITMENT WITH MEXICO BY ANNOUNCING THE REOPENING OF STORES IN ACAPULCO

Retrieved on: 
Monday, November 6, 2023
Hurricane Otis, MEXICO, Floral industry, Chedraui

MEXICO CITY, Nov. 6, 2023 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B.

Key Points: 
  • MEXICO CITY, Nov. 6, 2023 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B.
  • de C.V. (CHEDRAUI) deeply regrets what happened in Acapulco, Guerrero, as a result of the events caused by Hurricane Otis.
  • We are the first commercial chain to restart operations in order to deliver essential items to our customers as soon as possible.
  • CHEDRAUI operates five stores in the city of Acapulco, Guerrero and today operations began in four of the five stores, and it's estimated that the fifth will begin operations next Thursday, November 9.

Volaris Reports October 2023 Traffic Results: 2% YoY Demand Growth with an 89% Load Factor

Retrieved on: 
Monday, November 6, 2023
Yoy, MEXICO, NYSE, Volaris, Category 1, CITY, BMV, VLRS, ULCC, Aircraft, Airline, ASMS

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its October 2023 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its October 2023 preliminary traffic results.
  • In October 2023, Volaris’ capacity (measured in ASMs) increased by 2.4% year-over-year, while demand (measured in RPMs) increased by 2.2%; the result was a load factor decrease of 0.2 pp YoY to 89.5%.
  • Demand (measured in RPMs) in the Mexican domestic market decreased by 5.2%, while demand increased by 20.1% in the international market.
  • Demand remains strong in both domestic and international markets, driving the domestic load factor to a new October record high.

Greenberg Traurig Mexico Represents FANVIT in Issuance of a CERPI for MXN $7,227 Million in BIVA

Retrieved on: 
Friday, November 3, 2023
BIVA, MEXICO, Housing, Instituto del Fondo Nacional de la Vivienda para los Trabajadores, Bolsa Institucional de Valores, MXN, INFONAVIT, Trust, USD, Investment, Fondo, Life insurance, Greenberg Traurig

MEXICO CITY, Nov. 3, 2023 /PRNewswire-PRWeb/ -- Attorneys from Greenberg Traurig's Mexico City office represented the Fondo de Apoyo a las Necesidades de Vivienda de los Trabajadores (FANVIT), an investment fund created by the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT), in the issuance of certificados bursátiles fiduciarios de proyectos de inversión (CERPIs) in the amount of MXN $7,227 million (USD $400 million) on the Bolsa Institucional de Valores (BIVA) by a new trust created for such purposes.

Key Points: 
  • MEXICO CITY, Nov. 3, 2023 /PRNewswire-PRWeb/ -- Attorneys from Greenberg Traurig 's Mexico City office represented the Fondo de Apoyo a las Necesidades de Vivienda de los Trabajadores (FANVIT), an investment fund created by the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT), in the issuance of certificados bursátiles fiduciarios de proyectos de inversión (CERPIs) in the amount of MXN $7,227 million (USD $400 million) on the Bolsa Institucional de Valores (BIVA) by a new trust created for such purposes.
  • The CERPI, with ticker symbol FANVIPI23 will allow FANVIT to make, through the issuing trust, alternative investments in private equity, debt, infrastructure and real estate funds.
  • The Greenberg Traurig team that advised FANVIT was led by partners David Argueta and Antonio Robles Hüe .
  • Additionally, tax practice partner Erika Baez and associate Rodolfo Flores-Urquiza Sosa participated in the matter.

Greenberg Traurig Mexico Represented BBVA, Banorte and Scotiabank in Arranging a USD $490 Million Five-year Loan for Mexican Glass Manufacturer Vitro

Retrieved on: 
Wednesday, November 1, 2023
Scotiabank, BBVA, Glass, Vitro, MEXICO, Drug, Bank

MEXICO CITY, Oct. 31, 2023 /PRNewswire-PRWeb/ -- Attorneys from global law firm Greenberg Traurig's Mexico City office represented BBVA, Banorte and Scotiabank banks in setting up a USD $490 million five-year "club deal" loan, for Vitro, a leading glass manufacturing company in Mexico.

Key Points: 
  • Attorneys from global law firm Greenberg Traurig's Mexico City office represented BBVA, Banorte and Scotiabank banks in setting up a USD $490 million five-year "club deal" loan, for Vitro, a leading glass manufacturing company in Mexico.
  • MEXICO CITY, Oct. 31, 2023 /PRNewswire-PRWeb/ -- Attorneys from global law firm Greenberg Traurig 's Mexico City office represented BBVA, Banorte and Scotiabank banks in setting up a USD $490 million five-year "club deal" loan, for Vitro, a leading glass manufacturing company in Mexico.
  • Vitro will use the proceeds to prepay all of its short-term debt and a portion of its long-term debt.
  • This transaction allows Vitro to extend the average maturity of its debt while keeping its short-term credit lines freed up.

Plintron focuses on retail segment in Mexico to expand on its successful MVNA launch

Retrieved on: 
Tuesday, October 31, 2023
Optimism, MEXICO, MLM, Consumer, MVNA, Fintech, MXN, Multi-level marketing, MVNE, Growth, MVNO, Marketing, Bank, Retail

Plintron was recognised for its efforts with the 'MVNE/A of the year Award' at the MVNO World Congress in Amsterdam this year.

Key Points: 
  • Plintron was recognised for its efforts with the 'MVNE/A of the year Award' at the MVNO World Congress in Amsterdam this year.
  • The company will now shift its focus to empowering high value corporate brands in segments like Retail, Consumer market, Fintech and Banking.
  • Jeroen Hoevenberg, the Country Manager for Plintron in Mexico, expressed his optimism about the potential of the retail segment.
  • This growth presents a significant opportunity for retail brands to enhance their customer experience and drive business growth through mobile prepaid products.

TeraBox Harnesses the Spirit of Día de los Muertos to Honor Everlasting Memories

Retrieved on: 
Tuesday, October 31, 2023
GB, MEXICO, TB, Memory, Android, SSL, IOS, Transport Layer Security, Privacy, Baidu Wangpan, Philosophy, ISO, Online shopping, Video game, Mexican

The campaign revolves around the tagline "Memories Will Always be Here", emphasizing TeraBox's commitment to securely preserving precious memories for its users.

Key Points: 
  • The campaign revolves around the tagline "Memories Will Always be Here", emphasizing TeraBox's commitment to securely preserving precious memories for its users.
  • This campaign aims to evoke a sense of the importance of treasuring those special memories," said Olivia Tanaka, product lead at TeraBox.
  • Día de los Muertos, a culturally rich Mexican holiday that celebrates the memories of the departed, serves as the perfect backdrop for TeraBox's message of everlasting memory preservation.
  • During the holiday, TeraBox encourages users to actively participate by sharing their memories related to Día de los Muertos with the use of TeraBox to embody the "Memories Will Always be Here" philosophy.

ZTE paves the way to a "Thriving Broadband Digitalization" at Broadband User Congress 2023

Retrieved on: 
Thursday, October 26, 2023
GSMA, FTTP, Internet, Android TV, ODN, MEXICO, DSL, History, Congress, HFC, PON, Organization, OTN, Senior, Android, ZTE, Telecom, Wi-Fi 6, SCP, STB, GlobalData, CPE, Communication, FMC, ATIM, Fiber to the x, Telecommunications, Network equipment provider, Internet service provider

ZTE hosted the Broadband User Congress with the theme of "Thriving Broadband Digitalization" from 17-18 October, 2023.

Key Points: 
  • ZTE hosted the Broadband User Congress with the theme of "Thriving Broadband Digitalization" from 17-18 October, 2023.
  • This 2-day event has attracted over 400 attendees from nearly 100 companies, and it featured more than 50 speakers discussing topics such as Development Trends of Telecom and Broadband, Broadband Ecosystem, Wi-Fi Technology, Broadband Use Cases, and more.
  • "Over the past two decades, ZTE has joined hands with telecom operators in Latin America.
  • Our long-term investment and innovation in underlying technology have earned the trust from customers," highlighted Peng Aiguang, Senior Vice President at ZTE.

ZTE paves the way to a "Thriving Broadband Digitalization" at Broadband User Congress 2023

Retrieved on: 
Thursday, October 26, 2023
GSMA, FTTP, Internet, Android TV, ODN, MEXICO, DSL, History, Congress, HFC, PON, Organization, OTN, Senior, Android, ZTE, Telecom, Wi-Fi 6, SCP, STB, GlobalData, CPE, Communication, FMC, ATIM, Fiber to the x, Telecommunications, Network equipment provider, Internet service provider

ZTE hosted the Broadband User Congress with the theme of "Thriving Broadband Digitalization" from 17-18 October, 2023.

Key Points: 
  • ZTE hosted the Broadband User Congress with the theme of "Thriving Broadband Digitalization" from 17-18 October, 2023.
  • This 2-day event has attracted over 400 attendees from nearly 100 companies, and it featured more than 50 speakers discussing topics such as Development Trends of Telecom and Broadband, Broadband Ecosystem, Wi-Fi Technology, Broadband Use Cases, and more.
  • "Over the past two decades, ZTE has joined hands with telecom operators in Latin America.
  • Our long-term investment and innovation in underlying technology have earned the trust from customers," highlighted Peng Aiguang, Senior Vice President at ZTE.

Global Health Marketing & Communications (GHMC) Welcomes Improve Comunicaciones as Exclusive Agency Partner in Mexico

Retrieved on: 
Wednesday, October 25, 2023
MEXICO, Organization, Communication, Growth, Employment, Partnership, Comunicaciones F.C., Drug, Improvement, GHMC

NEW YORK and MEXICO CITY, Oct. 25, 2023 /PRNewswire/ -- Global Health Marketing & Communications (GHMC), the largest and most robust network of independent healthcare agencies worldwide, today announced the addition of Improve Comunicaciones, a Mexico-based strategic consulting agency, as its newest member. The addition strengthens GHMC's offerings in Latin America and expands capabilities within the partnership.

Key Points: 
  • Improve Comunicaciones brings more than 10 years of healthcare focused communications experience to the network.
  • "We are extremely excited to welcome Improve Comunicaciones to our Global Health Marketing & Communications family, allowing global and regional clients an unparalleled level of insight and execution in the critically important Mexican market," said GHMC President Tim Goddard.
  • "We could not be happier to join the GHMC network and expand our healthcare business in Latin America and across the world as Mexico's exclusive partner agency," said Improve Comunicaciones Managing Partner Helena Rodriguez Navarro.
  • Improve Comunicaciones bolsters GHMC's already strong presence across the Americas, where it has exclusive partner offices in Argentina, Brazil, Chile, Colombia, the United States and Canada.

GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. THIRD QUARTER 2023 RESULTS

Retrieved on: 
Tuesday, October 24, 2023
Growth, El Super, MEXICO, International Financial Reporting Standards, International, Chedraui

MEXICO CITY, Oct. 24, 2023 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B.

Key Points: 
  • MEXICO CITY, Oct. 24, 2023 /PRNewswire/ -- Grupo Comercial Chedraui, S.A.B.
  • de C.V. reports its 2023 third quarter results.
  • All figures are shown in nominal terms and reported in accordance with International Financial Reporting Standards (IFRS).
  • In the quarter, we maintained cost discipline and continued our organic growth strategy by opening 23 stores in Mexico and one El Super in Las Vegas, Nevada.