What does OXXO stand for? 

OXXO

Oxxo (stylized as OXXO) is a Mexican chain of convenience stores, with over 14,000 stores across Latin America. It is the largest chain of convenience stores in Latin America. Its headquarters are in Monterrey, Nuevo León.It is wholly owned by the beverage company FEMSA (Fomento Económico Mexicano). OXXO was founded in Monterrey in 1977. In the first stores, the only products sold were beer, snacks and cigars. The success of the stores was such that the project kept growing and OXXO built new locations rapidly, becoming an ubiquitous presence in Mexican cities and towns. The first official OXXO store was opened in 1978 in Monterrey. OXXO stores then spread to Chihuahua, Hermosillo and Nuevo Laredo. Throughout the eighties, OXXO gained fame in the cities where it was established. In 1998, the 1000th store was opened. On July 6, 2011, the opening of the 9000th store, in Oaxaca, was announced. With Mexico liberalizing its oil and gas market, OXXO has started to open gas stations as well. The first station opened in San Pedro Garza Garcia. Oxxo Gas aims to rebrand 49 additional stations this year, mostly in Monterrey, that are currently operating under the Pemex name.

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