retail network Oxxo, a Mexican by birth, opens a store every day in Brazil. according to the directors of Raízen, a Brazilian company that is a partner in the project.
Oxxo opened its first store in Brazil in December 2020. already has 325 establishments in the country, most of them in the state of São Paulo, according to data provided by Raizen.
The retail chain “continues to open one store per day and The goal is to keep going at the same pace.” as stated by Mobility of Raízen director Theo Lacroze at a media event held in São Paulo.
Instagram photo: oxxobrasil
Volume of sales Oxxo has “accelerated growth” of 44% per year in Brazil, from the same source.
Oxxo stores are opened by Grupo Nós, a company jointly owned by Fomento Económico Mexicano (Femsa), and Raízen, a company owned by oil company Shell and sugar and ethanol producer Cosan.
(EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
