FEMSA
Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico. It is also a shareholder of Heineken N.V.
| Company type | Sociedad Anónima Bursátil de Capital Variable |
|---|---|
Traded as | BMV: FEMSA NYSE: FMX (ADR) |
| Industry | Beverage, Retail |
| Founded | 1974 |
| Headquarters | Monterrey, Nuevo León , Mexico |
Area served | Latin America and the United States |
Key people | José Antonio Fernández (Chairman) Eduardo Padilla Silva (CEO) John Anthony Santa María Otazúa (CEO of Coca-Cola FEMSA) Carlos Arenas (CEO of OXXO) |
| Revenue | MXN$506.7 billion (2019) |
Net income | MXN$28.0 billion (2019) |
| Total assets | MXN$637.5 billion (2019) |
Number of employees | +230,000 |
| Divisions | Coca-Cola FEMSA FEMSA Comercio FEMSA Negocios Estrategicos Heineken (8%) |
FEMSA reported revenues of US$26.9 billion for 2019, making it the fifth largest company of Mexico. It has operations in Latin America mainly through bottling plants, convenience stores, drugstores, fuel stations, and third-party logistic services, and in the United States, where it participates in the jan-san distribution industry. It is well known in Mexico for its convenience store chain Oxxo, it previously owned Cuauhtémoc Moctezuma Brewery (exchanged in 2010 for a 20% stake in Heineken N.V.), and for being the owner of the C.F. Monterrey, a Mexican First-Division football team.
FEMSA has been listed on the Mexican Stock Exchange since 1978 and on the NYSE through ADRs since 1998. It is a constituent of the IPC, the main benchmark index of the Mexican Stock Exchange, and of the S&P Latin America 40, which includes leading, blue chip companies from Latin America.