More than 400 pubs closed in England and Wales in the last year; Mexico faces 500m-litre tequila lake – business live
Rolling coverage of the latest economic and financial news
In other alcohol-related news, Mexico has a 500m-litre tequila lake as demand for the spirit has ebbed.
The Financial Times reports this morning that Mexico is sitting on more than half a billion litres of tequila in inventory, which is nearly a whole year’s production.
“Much more new spirit is being distilled than is being sold, and inventories are starting to accumulate.
“The tequila industry is set for a very turbulent 2025.” Continue reading...
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