Modelo to Shut Down Texas Office

Dear Client:Grupo Modelo has told its employees of GModelo USA, based in San Antonio (where their US licensing division for logo'd wearables and such is based) that it is shutting down operations there effective April 30. The news was a shock to GModelo USA employees, who were notified on Friday. Initially we wondered if this portends that something larger is brewing at Grupo Modelo related to their arbitration with ABI. But then last night we received word from Mexico City