FEMSA

FEMSA: A Leading Beverage and Retail Company

FEMSA

File:FEMSA Logo.png
Company type	Public
Traded as	BMV: FEMSAUBD
Industry	Beverage and Retail
Founded	1890
Founder	Isaac Garza, José Calderón, José A. Muguerza, Francisco G. Sada
Key people	José Antonio Fernández Carbajal (Chairman and CEO)
Revenue	US$ 23.5 billion (2020)
Operating income	US$ 2.6 billion (2020)
Net income	US$ 1.7 billion (2020)
Total assets	US$ 34.2 billion (2020)
Number of employees	320,000 (2020)
Website	www.femsa.com

FEMSA is a leading beverage and retail company based in Monterrey, Mexico. It was founded in 1890 by Isaac Garza, José Calderón, José A. Muguerza, and Francisco G. Sada. FEMSA operates in the beverage industry through its subsidiary, Coca-Cola FEMSA, and in the retail industry through its subsidiary, FEMSA Comercio.

History

FEMSA has a rich history that dates back to its founding in 1890. The company initially started as a brewery, producing and distributing beer in Mexico. Over the years, FEMSA expanded its operations and diversified its product portfolio. In 1988, FEMSA acquired a majority stake in Coca-Cola FEMSA, becoming one of the largest bottlers of Coca-Cola products in the world.

In the early 2000s, FEMSA entered the retail industry through the acquisition of OXXO, a convenience store chain in Mexico. This marked the beginning of FEMSA's expansion into the retail sector. Today, FEMSA Comercio operates OXXO stores not only in Mexico but also in other countries across Latin America.

Subsidiaries

Coca-Cola FEMSA

Coca-Cola FEMSA is a subsidiary of FEMSA and is the largest franchise bottler of Coca-Cola products in the world. It operates in Mexico, Central America, South America, and the Philippines. Coca-Cola FEMSA produces, markets, and distributes a wide range of non-alcoholic beverages, including carbonated soft drinks, juices, and bottled water.

FEMSA Comercio

FEMSA Comercio is the retail division of FEMSA. It operates the OXXO convenience store chain, which has become one of the largest and fastest-growing retail chains in Latin America. OXXO stores offer a variety of products, including beverages, snacks, groceries, and personal care items. FEMSA Comercio also operates other retail formats, such as drugstores and small-format supermarkets.

Financial Performance

In 2020, FEMSA reported a revenue of US$ 23.5 billion, with an operating income of US$ 2.6 billion and a net income of US$ 1.7 billion. The company's total assets amounted to US$ 34.2 billion. FEMSA employs approximately 320,000 people worldwide.

See Also

• Coca-Cola FEMSA
• OXXO