BTN News: Oxxo convenience stores, easy to spot with their red and yellow colors, are becoming a big part of people’s lives. At first, these stores only sold beer and cigarettes. Now, you can buy groceries, send money, and even do bank transfers at Oxxo. This wide range of products and services has brought more customers and led to more stores opening in Mexico and other countries. This growth makes many people curious about the wealth of the businessman from Puebla who owns Oxxo.
Fomento Económico Mexicano S.A.B. de C.V. (FEMSA) owns Oxxo. FEMSA aims to create value for the economy and society through different businesses and institutions. They want to be the best employer. Oxxo started in 1978, thanks to Eugenio Garza Lagüera, a Mexican businessman. Later, José Antonio Fernández Carbajal, known as “El Diablo,” took over. He married Eva María Garza Gonda, Eugenio Garza’s daughter.
Why Is José Antonio Fernández Carbajal Known as “El Diablo”?
In the business world, José Antonio Fernández Carbajal is called “El Diablo” Fernández because he is very good at making business deals. His skills keep him at the top as the director of FEMSA, helping the company grow and stay strong in the market.
The Fortune of Oxxo’s Owner
As of February this year, Forbes magazine says José Antonio Fernández Carbajal’s fortune is $6 billion. Oxxo is also one of the largest employers in Mexico, with over 320,000 workers. The store is known for providing practical and affordable solutions for everyday needs.
Interesting Facts About Oxxo
Many people know that Oxxo sells coffee, soft drinks, snacks, and fast food. But there are some interesting facts that not everyone knows. The first Oxxo store opened in 1978 in Monterrey, Nuevo León. At that time, it was part of the Cuauhtémoc-Moctezuma brewery and only sold beer, snacks, and cigarettes.
Oxxo is not a franchise. Most stores operate under a commercial commission contract, but some have direct employees. There are over 23,500 Oxxo stores in Mexico, Chile, Brazil, Colombia, Peru, and some cities in the United States. Colombia was the first country where Oxxo expanded internationally, starting in 2009.
Oxxo is one of the most well-known and valued Mexican brands in Latin America, along with Liverpool, Suburbia, and Sanborns.
