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 ...

Although the cost-of-living crisis is impacting retailers’ current priorities, sustainability remains high on the agenda. New EU regulations are being considered to tackle deforestation, while retailers such as Tesco, Sainsbury’s and SPAR Austria continue to step up their efforts to reduce plastic packaging and food waste in a bid to increase cost efficiency. EU Deforestation Regulations ...

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...