- Details
- 29 Mar 23
- Updated: 29 Mar 23
FEMSA's Envoy:
'For Sale' options?
VC/MBO Spinoff? IPO? Sale
e.g. BradyIFS? Stick v twist?
FEMSA the $27Bn Mexican based convenience store & fuel station chain (Oxxo) shocked business supply markets in mid Feb, stating it was "exploring strategic alternatives" over its $2Bn+ Envoy rollup of US hygiene and packaging resellers. We update on the strategic options available (Report 22Feb'23). We fear this will not play out well and see major difficulties ahead...