Mexico "Nearshoring": A Focus on Femsa
28 September 2023
Our specialist Emerging Markets equities investment partner, Northcape Capital, recently returned from a trip to Mexico where they met with FEMSA, the country’s fifth biggest company by revenue and a top 5 position in the portfolio. FEMSA operates the largest independent Coca-Cola bottling group in the world and Latin America’s leading convenience chain, OXXO. Here the team discuss the growth of the OXXO chain and the valuation opportunity for FEMSA.
