Coca-Cola FEMSA

Coca-Cola FEMSA, S.A.B. de C.V., known as Coca-Cola FEMSA or KOF, is a Mexican multinational beverage company headquartered in Mexico City, Mexico. It is a subsidiary of FEMSA which owns 48% of its stock, with 28% held by wholly owned subsidiaries of The Coca-Cola Company and the remaining 24% listed publicly on the Mexican Stock Exchange (since 1993) and the New York Stock Exchange (since 1998).[1] It is the largest franchise Coca-Cola bottler in the world, the company has operations in Latin America, although its largest and most profitable market is in Mexico.[2][3]

Coca-Cola FEMSA, S.A.B. de C.V.
TypePublic
BMV: KOF
NYSE: KOF
IndustryBeverage
Founded1993 (1993)
HeadquartersMexico City, Mexico
Area served
Latin America
Key people
José Antonio Fernández
(Chairman)
John Santa María Otazua
(CEO)
Revenue Mex$ 203.8 billion (2017)
US$ 10.3 billion
Mex$ 26.2 billion (2017)
US$ 1.3 billion
Total assets Mex$ 285.6 billion (2017)
US$ 14.5 billion
ParentFEMSA
Websitewww.coca-colafemsa.com www.coca-colafemsa.social

Coca-Cola FEMSA began as a joint venture with The Coca-Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panamerican Beverages (Panamco), another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013, until 2018 when the company was then renamed to Coca-Cola Beverages Philippines.[3][4] The company reported revenues of US$9.6 billion for 2015.[2]

See also

References

  1. Coca-Cola FEMSA (2016). Annual Report. Retrieved 13 May 2016
  2. Moody's Investors Service (1 April 2016). " Rating Action: Moody's affirms Coca-Cola Femsa's A2 ratings; negative outlook". Retrieved 13 May 2016.
  3. Hitt, Michael A.; Ireland, R. Duane; Hoskisson, Robert E. (2014). Strategic Management: Concepts and Cases: Competitiveness and Globalization. p. 248. Cengage. ISBN 1285425170
  4. Grosse, Robert (2015). Emerging Markets: Strategies for Competing in the Global Value Chain, pp. 171–172. Kogan Page. ISBN 0749474505

Further reading

On Coca-Cola FEMSA's 2011 venture into the coffee vending market:

On Coca-Cola FEMSA's approach to human resource management, focusing on their operations in Colombia:

On the strategic moves undertaken by Coca-Cola FEMSA and five other Mexican firms during the 2008 financial crisis and subsequent recession:

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