Tequila Shot as Jose Cuervo Parks IPO — Panjiva
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Supply Chain Research

Tequila Shot as Jose Cuervo Parks IPO

Consumer Staples 761 Financing 115 Mexico 883

Tequila-maker Jose Cuervo has delayed its share offering after post-U.S. election market turbulence. At the same time Mexican exports of tequila have fallen 8% in the three months to September 30, Panjiva data shows. Jose Cuervo has beaten this trend with a fall of just 3% after a 48% jump in exports for the month. It still faces stiff competition though from specialists such as Tequila Sauza, and global giants Brown-Froman and Diageo.

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