The popular chain of convenient stores based in Mexico has announced its plans to expand into Texas with multiple planned locations.
Popular Mexican convenience store chain, Oxxo, has announced its plans to open a large amount of locations in the southern United States. The announcement comes after its parent company, Femsa, acquired 249 DK and Alon convenience stores from Delek US Holdings – 90% of which are located in Texas – at a price of $385 million.
“At Femsa, we have a long-held ambition to enter the U.S. convenience and mobility industry, and this transaction represents the ideal way for us to take our first step in this compelling market,” said CEO of Femsa’s retail operations, José Antonio Fernández.
What is Oxxo?
Oxxo is a popular chain of convenience stores based in Mexico with estimates over 20,000 locations spread out through Latin America. The convenience store brand is owned entirely by Femsa.
What is Oxxo known for?
The chain is known for its wide selection of affordable snacks, basic groceries, make-up products, personal care products, beverages, and 24/7 access. Oxxo also offers bill payment, money transfers, and phone top-up services.
Where will the Oxxo locations in Texas be?
Oxxo presently has one storefront in Texas located in Eagle Pass. As of yet, Oxxo hasn’t yet announced specific locations for its coming Texas storefronts.
Most DK and Alon storefronts are concentrated in West and Central Texas. However, Oxxo hasn’t identified the specific storefronts that it acquired from Delek US Holdings.
When will Oxxo open locations in Texas?
At this point, there is no timeframe for when Oxxo will open its Texas locations. As stated, its purchase of the Delek US Holdings convenience stores is subject to US approval. This is expected to happen in the latter half of this year.
Reference: https://secretdallas.com/oxxo-texas/