Fomento Economico Mexicano SAB de CV Units Cons. Of 5 ShsB
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- Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) is a Mexican multinational conglomerate that participates in the beverage and retail industries; it operates as the largest independent Coca-Cola bottling group worldwide through its subsidiary Coca-Cola FEMSA, bottling and distributing Coca-Cola trademark beverages including soft drinks, bottled water, juices, and other non-alcoholic beverages across Latin America; in retail, it manages the Proximity Americas Division with OXXO convenience stores offering groceries, snacks, beverages, personal care items, bill payments, and mobile top-ups, alongside OXXO Gas fuel stations, and the Proximity Europe Division through Valora operating foodvenience and convenience formats in Switzerland, Germany, Austria, Luxembourg, and the Netherlands; the Health Division encompasses drugstores and pharmacies providing pharmaceutical and health-related products; Spin offers digital financial services such as Spin by OXXO and Spin Premia loyalty programs; strategic business units provide logistics via Solistica, refrigeration equipment, point-of-sale solutions, and plastics; FEMSA was founded in 1890 and maintains headquarters in Monterrey, Nuevo León, Mexico, with operations spanning 18 countries including Mexico, other Latin American nations, the United States, Europe, and the Philippines, employing over 392,000 people. Recent developments include the 2024 acquisition of Delek US Holdings' 249 retail stores under the DK brand to expand U.S. convenience operations, which FEMSA integrated and rebranded as OXXO with over 50 stores converted by late 2025 and plans for 35 more; in September 2025, FEMSA agreed to take full control of OXXO Brazil by terminating its joint venture with Raízen, retaining all OXXO stores and the Cajamar distribution center; Coca-Cola FEMSA invested $110 million in a Brazil plant expansion adding sustainable production lines set for 2026 operations; the company reported 9.1% consolidated revenue growth in 3Q 2025, with Proximity Americas revenues up 9.2%; and José Antonio Fernández Garza-Lagüera assumed the CEO role effective November 1, 2025, succeeding José Antonio Fernandez Carbajal.
Company News
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