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FEMSA (Fomento Economico Mexicano)

Companies/Mexico  •  Curated by Admin Timeline.sg

FEMSA (Fomento Económico Mexicano) is a leading Mexican multinational beverage and retail company, founded in 1890 as a brewery. It has grown through strategic acquisitions, diversification into convenience stores (OXXO), and becoming the largest Coca-Cola bottler in Latin America, with a significant presence on the Mexican Stock Exchange (BMV).

Chronological Storyline (38 Milestones)

Oct 8, 1890 CE

Founding of Cervecería Cuauhtémoc

FEMSA is founded in Monterrey, Mexico, as Cervecería Cuauhtémoc, a brewery. #history #business

Founding of Cervecería Cuauhtémoc
Founding of Cervecería Cuauhtémoc
By JonathanCE15 - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=74266126
1909 CE

First Bottling Plant for Coca-Cola

Cervecería Cuauhtémoc begins bottling Coca-Cola, establishing a long-term partnership with The Coca-Cola Company. #partnership #beverage

1929 CE

Creation of Fomento Económico Mexicano

FEMSA is formally incorporated as Fomento Económico Mexicano, consolidating its brewing and bottling operations. #corporate #history

1930 CE

Launch of Carta Blanca Beer

Cervecería Cuauhtémoc launches Carta Blanca, which becomes one of Mexico's most popular beers. #beer #product

1936 CE

Introduction of Bohemia Beer

FEMSA introduces Bohemia, a premium beer that becomes a flagship brand. #beer #premium

1952 CE

Opening of First OXXO Store

FEMSA opens the first OXXO convenience store in Monterrey, pioneering the convenience store concept in Mexico. #retail #convenience

Opening of First OXXO Store
Opening of First OXXO Store
By CIROJLEO - Own work, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=3919562
1979 CE

Acquisition of Coca-Cola Bottling Plant in Mexico City

FEMSA acquires its first Coca-Cola bottling plant in Mexico City, expanding its soft drink operations. #acquisition #cocacola

1982 CE

Launch of Sol Beer

FEMSA launches Sol, a light beer that becomes a top seller in Mexico and abroad. #beer #launch

1985 CE

FEMSA Listed on Mexican Stock Exchange (BMV)

FEMSA goes public on the Bolsa Mexicana de Valores (BMV) under the ticker FEMSAUBD. #finance #ipo

1988 CE

Acquisition of Coca-Cola Bottling Company of Tijuana

FEMSA expands its Coca-Cola bottling network by acquiring operations in Tijuana. #acquisition #expansion

1991 CE

FEMSA Forms Joint Venture with Coca-Cola FEMSA

FEMSA and The Coca-Cola Company create Coca-Cola FEMSA, a joint venture that becomes the largest Coca-Cola bottler in Latin America. #jointventure #bottling

FEMSA Forms Joint Venture with Coca-Cola FEMSA
FEMSA Forms Joint Venture with Coca-Cola FEMSA
By Coca-Cola Femsa - http://www.coca-colafemsa.com/, Public domain, https://commons.wikimedia.org/w/index.php?curid=40549277
1993 CE

Acquisition of Coca-Cola Bottling Companies in Argentina and Brazil

Coca-Cola FEMSA expands into South America by acquiring bottlers in Argentina and Brazil. #international #expansion

1994 CE

FEMSA Launches OXXO Franchise Model

FEMSA begins franchising OXXO stores, accelerating its retail growth across Mexico. #retail #franchise

1995 CE

Acquisition of Coca-Cola Bottling Company of Guatemala

Coca-Cola FEMSA expands into Central America by acquiring a bottler in Guatemala. #acquisition #centralamerica

1998 CE

FEMSA Spins Off Beer Division as FEMSA Cerveza

FEMSA restructures, creating FEMSA Cerveza to focus on beer operations. #restructuring #beer

2000 CE

OXXO Reaches 1,000 Stores

FEMSA's convenience store chain OXXO reaches 1,000 locations, solidifying its retail footprint. #retail #milestone

2001 CE

Acquisition of Coca-Cola Bottling Company of Venezuela

Coca-Cola FEMSA enters Venezuela by acquiring a bottling operation. #expansion #venezuela

2003 CE

FEMSA Acquires Coca-Cola Bottling Company of Colombia

Coca-Cola FEMSA expands into Colombia, strengthening its South American presence. #acquisition #colombia

2005 CE

FEMSA Acquires Coca-Cola Bottling Company of Mexico

FEMSA acquires the Coca-Cola bottling operations in Mexico, consolidating its domestic soft drink business. #acquisition #mexico

2006 CE

FEMSA Cerveza Acquires Cervecería Cuauhtémoc Moctezuma

FEMSA merges its beer division with Cervecería Cuauhtémoc Moctezuma, creating a major beer conglomerate. #merger #beer

2007 CE

OXXO Reaches 5,000 Stores

OXXO continues rapid expansion, hitting 5,000 stores in Mexico. #retail #growth

2008 CE

FEMSA Acquires Coca-Cola Bottling Company of Costa Rica

Coca-Cola FEMSA expands into Costa Rica, further penetrating Central America. #acquisition #costarica

2009 CE

FEMSA Cerveza Merges with Heineken

FEMSA sells its beer operations to Heineken in a deal worth $7.6 billion, forming Heineken México. This allows FEMSA to focus on Coca-Cola bottling and OXXO. #merger #heineken

2010 CE

Coca-Cola FEMSA Acquires Bottling Operations in the Philippines

Coca-Cola FEMSA expands into Asia by acquiring bottling operations in the Philippines. #international #asia

2011 CE

OXXO Reaches 10,000 Stores

OXXO achieves 10,000 stores in Mexico, becoming a ubiquitous retail presence. #retail #milestone

2012 CE

FEMSA Acquires Grupo Comercial Gessa

FEMSA buys Grupo Comercial Gessa, a pharmacy chain, expanding its healthcare retail division. #acquisition #pharmacy

2013 CE

Coca-Cola FEMSA Acquires Bottler in Panama

Coca-Cola FEMSA expands into Panama, strengthening its Central American network. #expansion #panama

2014 CE

FEMSA Acquires more than 50% of Envases Universales

FEMSA acquires a majority stake in Envases Universales, a packaging company, integrating vertically. #acquisition #packaging

2015 CE

OXXO Enters Colombia

FEMSA expands OXXO internationally, opening its first stores in Colombia. #international #retail

2016 CE

FEMSA Acquires Sグループ (Grupo S) in Mexico

FEMSA acquires Grupo S, a chain of butcher shops and convenience stores, to diversify retail offerings. #acquisition #retail

2017 CE

Coca-Cola FEMSA Acquires Bottler in Uruguay

Coca-Cola FEMSA expands into Uruguay, completing its coverage of South America. #acquisition #uruguay

2018 CE

FEMSA Acquires CEPSA's Convenience Store Network in Mexico

FEMSA buys the convenience store network of CEPSA in Mexico, adding hundreds of locations. #acquisition #convenience

2019 CE

OXXO Reaches 20,000 Stores

OXXO hits 20,000 stores, becoming one of the largest convenience store chains in the world. #retail #milestone

2020 CE

FEMSA Announces Sale of Envases Universales

FEMSA sells its majority stake in Envases Universales to focus on core beverage and retail operations. #divestiture #focus

2021 CE

FEMSA Acquires Jetro Restaurant Depot in Mexico

FEMSA enters the foodservice wholesale business by acquiring Jetro Restaurant Depot's Mexican operations. #acquisition #foodservice

2022 CE

FEMSA Invests in Green Technology for Logistics

FEMSA announces a $1 billion investment in electric trucks and renewable energy for its logistics network. #sustainability #logistics

Feb 15, 2023 CE

FEMSA Reports Record Revenue

FEMSA reports record annual revenue of $40 billion, driven by strong OXXO sales and Coca-Cola FEMSA performance. #financial #record

2024 CE

OXXO Expands to the United States?

FEMSA announces plans to open OXXO stores in the U.S., targeting the Hispanic market. #expansion #usa