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Fomento Economico- (FMX)-is the leading beverage company in Latin America. It controls an integrated beverage platform that comprises Coca-Cola FEMSA, the largest Coca- Cola bottler in the region; FEMSA Cerveza, one of the leading brewers in Mexico, with presence in Brazil, and an important beer exporter to the United States and other countries; and Oxxo, the largest and fastest growing convenience store chain in Mexico with over 5,500 stores. . The company was founded in 1890. It was formerly known as Fomento Economico Mexicano, S.A. de C.V. and changed its name to Fomento Economico Mexicano, S.A.B. de C.V. in December 2006. The company is based in Monterrey, Mexico.
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