Mexico's Femsa taps drug store market with YZA acquisition

MEXICO CITY Fri Nov 9, 2012 4:19pm EST

MEXICO CITY Nov 9 (Reuters) - Mexican retailer and beverage company Femsa said on Friday that one of its units had agreed to buy a 75 percent stake in drug store chain YZA, marking its debut in a new business operation.

No financial details were disclosed. YZA, with 333 stores, operates in southern Mexico.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.