NEWS ROUNDUP

Glacier Water Closes Mexico Operationervices here, the leading provider of drinking water through self-service vending in supermarkets, has decided to close its Mexico operation. "Despite our best efforts, the financial model in Mexico City does not work at this time," said Jerry A. Gordon, president and chief executive officer. For the six-month period ending July 2, 2000, Glacier Mexico had $246,000

Glacier Water Closes Mexico Operation

ervices here, the leading provider of drinking water through self-service vending in supermarkets, has decided to close its Mexico operation. "Despite our best efforts, the financial model in Mexico City does not work at this time," said Jerry A. Gordon, president and chief executive officer. For the six-month period ending July 2, 2000, Glacier Mexico had $246,000 in revenues and experienced a net loss of $558,000, the company said.

Register to view the full article

Already a member? .