Oxxo
Fomento Económico Mexicano (Femsa) has laid off hundreds of workers at its fintech unit Spin by Oxxo, as part of cuts across divisions. The move aims to adjust expenses under new leadership. Spin has failed to boost Oxxo store traffic despite gaining customers.
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Chile's Tribunal de Defensa de la Libre Competencia (TDLC) fined Cadena Comercial Andina SpA, part of Grupo Oxxo, over $2.4 billion for providing false information when notifying its 2021 merger with Ok Market. The ruling accepts a request from the Fiscalía Nacional Económica (FNE) and emphasizes the need for accurate data in merger oversight. Oxxo stated it will consider appealing to the Supreme Court.