Fomento Económico Mexicano

FEMSA is a global Mexican beverage and retail firm with its headquarters in Monterrey, Mexico. Its full name is Fomento Económico Mexicano, S.A.B. de C.V. It runs the biggest independent Coca-Cola bottling company in the world as well as Mexico's biggest chain of convenience stores. Additionally, it owns shares in Heineken N.V.

FEMSA recorded revenues of US$26.9 billion in 2019, making it Mexico's seventh largest enterprise. It operates primarily in Latin America through bottling factories, convenience stores, drugstores, petrol stations, and third-party logistic services, as well as in the United States, where it is involved in the jan-san distribution industry. It is well-known in Mexico for its convenience store chain Oxxo, its past ownership of the Cuauhtémoc Moctezuma Brewery (exchanged in 2010 for a 20% interest in Heineken N.V.), and its ownership of the C.F. Monterrey football team in Mexico's First Division.

Since 1978, FEMSA has had an ADR listing on the NYSE, and since 1998, it has had an ADR listing on the Mexican Stock Exchange. It is a component of the S&P Latin America 40, which contains well-known, blue-chip businesses from Latin America, as well as the IPC, the primary benchmark index of the Mexican Stock Exchange.

Founded: 1890

Headquarter: Monterrey, Nuevo León

Website: https://femsa.com