Oxxo news

03 November 2022
OXXO, a Mexican convenience store chain (owned by FEMSA), recently announced it will open two new stores every three days until the end of the year. As of September 30, 2022, OXXO operated 20,899 stores across Latin America, and in November last year, it announced its 10-year plan to open 10,000 stores. Following a successful acquisition of Valora Group (more below), we will soon start to see ...
25 August 2022
Grupo Nós, a joint venture between the Brazilian company Raízen and the Mexican business FEMSA Comercio, is rapidly expanding the OXXO convenience store chain in Brazil. The first store opened in the city of Campinas (São Paulo state) and as of July 2022, it had 124 units in operation. The OXXO convenience chain was launched in Mexico by FEMSA in 1978 and it has since accumulated 20,196 st...
08 July 2022
This Tuesday (5 July), FEMSA, a Mexican Coca-Cola bottler and convenience store operator, announced its all-cash offer to acquire Swiss convenience and foodservice retailer Valora. The deal is subject to regulatory approval, but if approved, FEMSA has agreed to purchase all the publicly held shares of Valora Holding AG for 260 Swiss francs per share, totaling CHF1.1 bn (€1.1 billion). It expect...
10 June 2022
OXXO, a Mexican convenience retailer owned by FEMSA, opened its first store in 1978 and has since accumulated 20,172 stores in Mexico (Q1 2022). Throughout the pandemic, government restrictions on mobility created some of OXXOs toughest trading challenges in its history. The retailer showed impressive agility, quickly adapting its proposition to meet changing consumer needs and to tackle the d...
02 March 2022
Coca-Cola bottler and c-store operator FEMSA plans to expand its OXXO convenience store estate by up to 50% across Latin America over the next decade. As of February 2022, the business operates 20,431 stores in the region, with the vast majority of these in its domestic market, Mexico (20,121 stores). If it can deliver against its long-term expansion strategy, FEMSA could surpass 30,000 sto...
08 December 2021
In October 2020, FEMSA Comercio, which operates the OXXO chain of stores in Latin America, announced it had reached an agreement to acquire OK Market from SMU (Chile’s third largest retailer). The deal, which was reported to be worth close to US$55m, was subject to regulatory approval and has now been given the green light. This acquisition, coupled with OXXO’s expansion plans in Brazi...
24 November 2021
In recent years, expansion of the proximity (convenience) channel has been fairly stagnant in Brazil. As of Q3 2021, the countries’ two largest retailers (Carrefour and GPA) operated just 371 stores between them. For a country of Brazil’s magnitude this feels like a missed opportunity, particularly as the channel has been a success in the city of São Paulo, where most stores are currently based. ...
02 July 2021
Given its size and population, Brazil has comparatively few convenience stores. There are a handful of forecourt convenience operators, like ampm which operates over 2,000 stores, but leading grocery convenience store players (GPA and Carrefour) have less than 400 stores combined. OXXO, the region’s largest convenience retailer, opened its first store in Brazil in December 2020 and set out amb...
23 April 2021
Retailer OXXO, owned by the FEMSA beverage and retail company, is the largest chain of convenience stores in Latin America. It ended 2020 with 19,566 stores, of which 19,295 are in its domestic market Mexico. Government restrictions on mobility throughout the pandemic has led to challenging trading conditions for the businesses, which relies heavily on sales from on-the-move and transient ...
20 April 2021
The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...