Narcos Set Fire to 25 Femsa Convenience Stores in Mexico
(Bloomberg) -- Drug cartel members set fire to 25 shops owned by Latin America’s largest convenience store operator as they clashed with the military in the streets of central Mexico, a sign of the destructive scope of narco gangs in the country and the limited capacity to contain them.
Most Read from Bloomberg
Striking Drop in Stress Hormone Predicts Long Covid in Study
Dozens in China Infected With New ‘Langya’ Virus Carried by Shrews
Media Tallies Show Extremely Tight Presidency Race: Kenya Update
The Oxxo stores, owned by Fomento Economico Mexicano SAB, were partially or completely burned down during the confrontations on Tuesday night in the state of Guanajuato, the company said in response to questions. No workers or clients were hurt, said Femsa, as the company is known.
Members of the well-armed and brazen Cartel Jalisco Nueva Generacion blocked roads and lit fire to cabs, buses and stores in the states of Jalisco and Guanajuato after the military detained top cartel members, President Andres Manuel Lopez Obrador said during his daily press briefing on Wednesday. Authorities have reported that homicide rates have been slowing this year, but violent incidents by cartels continue to rock the country.
Femsa said it’s collaborating with authorities regarding Tuesday night’s incidents. The company had 20,196 Oxxo stores in Mexico alone at the end of July, according to its latest earnings report.
Read More: AMLO Seeks to Further Expand Role of the Military in Mexico
Most Read from Bloomberg Businessweek
Mark Zuckerberg’s Sheryl Sandberg Replacement Has Long Been Meta’s Top Fixer
Booming Beef Industry Has Urban Cowboys Lining Up to Buy Cattle in Uruguay
©2022 Bloomberg L.P.