F E M S A's Envoy
rolls towards sale? 

$2Bn+ US hygiene supply
resellers' Q2'23 results

FEMSA the $36Bn Mexico based Oxxo fuel-convenience store chain & Coca Cola distributor, that acquired Waxie-NA jansan dealer network in 2020 via its Envoy subsidiary, reported strong Q2'23 results. We analyse results and wonder what is happening to Envoy following the board's decision to consider "strategic alternatives"? Will they sell to BradyIFS?