Hollywood films have helped boost ‘bread of the dead’ sales

Mexicans are celebrating the Day of the Dead this week but Mexican bakeries are celebrating Hollywood movies.

Sales of pan de muerto, the “bread of the dead” that is traditional fare at this time of year, are experiencing a boost thanks to Hollywood productions related to the annual Day of the Dead celebrations, say bakery industry representatives.

The movies are last year’s Coco, a Disney Pixar production set around the November traditions, and the 2015 James Bond film Spectre.

Bakeries expect a 4% increase in sales after seeing a 25% drop last year.

The president of a national bakery industry organization said it was expecting sales of just over 30 million loaves of pan de muerto between October 30 and November 2, representing revenue of close to 1.6 billion pesos (US $77.5 million).

Lecaroz, a national chain of 200 bakeries, expects its sales in October and November to jump by 10% over last year. It explained that there is greater demand for pan de muerto as well as other products such as mantemuerto, a pan de muerto made in the form of a cupcake.

“The star for bakeries is the rosca de reyes [kings’ cake], representing 30% of their yearly sales, followed by pan de muerto, which can reach 15%. Daily bread sales represent the rest of their income,” said Berenice Pérez Badillo.

The president of an association of small business owners reported that six out of every 10 tienditas, or mom-and-pop stores, usually sell bread provided by established bakeries, including pan de muerto.

National retailer Soriana expects to sell four million loaves of “dead bread” in its markets with the largest demand, which include the states of Nuevo León, Mexico City, México, Jalisco and Baja California.

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Sheinbaum at second annual report

In second annual report to the nation, Sheinbaum hails a stronger, safer and more prosperous Mexico

1
One month shy of completing her second year in office, President Claudia Sheinbaum on Tuesday delivered her second annual report in a 67-minute speech covering government achievements across areas including the economy, security, infrastructure and healthcare.
Tren Maya

The Maya Train reports a ‘track-related incident.’ Was it another derailment? 

1
Media reports indicate there was a partial derailment of the last car on the train just 50 meters outside the Campeche station, but there has been no official report confirming or denying it.
pesos

Remittances increase for sixth straight month, but strong peso blunts the benefit

0
Mexican families receiving remittances from abroad are finding themselves in the same situation as dollar earners, Social Security recipients and tourists — a strong local currency doesn't always benefit local spenders.
BETA Version - Powered by Perplexity