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Mexico

Where the pre-Columbian and the colonial were fused rather than replaced.

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10:41

FEMSA

Eugenio Garza Sada · 1890

FEMSA is a Mexican multinational beverage and retail company headquartered in Monterrey, operating the largest independent Coca-Cola bottling group in the world and Mexico’s largest convenience store chain. It reports US$26.9 billion in revenue (2019), ranks fifth-largest company in Mexico, and operates across Latin America via bottling plants, convenience stores, drugstores, fuel stations, and third-party logistics—and in the US via jan-san distribution. Listed on the Mexican Stock Exchange since 1978 and NYSE ADRs since 1998. FEMSA is the holding company of Cuauhtémoc Moctezuma Brewery—the culmination of Eugenio Garza Sada’s industrial expansion from a single brewery into Grupo Valores Industriales, which included Fábricas de Monterrey (1920), HYLSA (1942), Empaques de Cartón Titán (1936), and multiple acquired breweries.

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10:34

Grupo Modelo

A national monopoly built on Spanish immigrant capital became a global beer leader only after surrendering its biggest export market to a third party.
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10:04

Pemex

A national oil company that peaked before the iPhone—and still pays for half of Mexico’s federal budget.