FEMSA is expected to add more new stores and affiliating independent stores in Germany. Credit: Kay Mayer on Unsplash.

Mexican retail company FEMSA is planning to expand operations of its kiosks and business-to-business (B2B) service, reported Reuters citing executives.   

The expansion plan comes close on the heels of the company’s acquisition of Swiss kiosk operator Valora that enabled the Mexican firm’s entry into the European market.    

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

FEMSA is expected to add more new stores and affiliating independent stores in Germany in coming quarters, reported the news agency citing chief corporate officer Francisco Camacho.

However, the company is not considering opening stores in other geographies, Camacho noted.

Camacho said: “We do not expect this to be altogether a major strain on the FEMSA funding structure.”

The retailer is likely to fund the expansion project from other operations of the firm.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Further, FEMSA will also introduce a business-to-business service via its financial technology unit, said executives.

Details regarding the amount to be invested or if the service would be run under the same name as its fintech service Spin were not disclosed.

Operated by Oxxo convenience store chain, Spin recently secured ‘fintech licence’ from Mexican regulators.

Reuters, quoting Spin executive Asensio Carrion, reported that the service will cover ten million users by next year.

According to Camacho, the fintech licence will help FEMSA assess the use cases for Spin. Following this, the company may opt to seek a banking licence, he added. Meanwhile, Carrion said FEMSA is awaiting approvals to allow major deposits and direct deposit payments from employers.