From Ice to Oxxo: FEMSA Says Goodbye to Beer with Millions Under Her Arm

After 134 years, Fomento Económico Mexicano (FEMSA) closed the oldest chapter of its history. The company that was born in Monterrey with the foundation of the Cuauhtémoc Brewery in 1890, officially said goodbye to the brewing business by selling its remaining stake in Heineken, thus completing one of the key pieces of its business strategy. According to data reported by Bloomberg, the company headed by José Antonio Fernández Carbajal sold the l…