Enrique Molina Sobrino

Last updated

Enrique Molina Sobrino is a Mexican businessman known for creating the biggest Pepsi bottling group in Mexico, named Gemex. [1] He also created a business empire in the production of sugar. In 2002 he sold Pepsi Group in Mexico to The Pepsi Bottling Group, the largest Pepsi bottler in the world partially owned by Pepsi, for 1.5 billion dollars. [2]

Contents

Molina also was part owner of Grupo Financiero Banamex when it was privatized by the Salinas administration. [3] Banamex is now owned by Citibank.

Personal life

He is married to Mexican actress Angelica Chain. [4]

See also

Related Research Articles

<span class="mw-page-title-main">Coca-Cola</span> Carbonated soft drink

Coca-Cola, or Coke, is a carbonated soft drink with a cola flavor manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries worldwide, with consumers drinking more than 1.8 billion company beverage servings each day. Coca-Cola ranked No. 94 in the 2024 Fortune 500 list of the largest United States corporations by total revenue. Based on Interbrand's "best global brand" study of 2023, Coca-Cola was the world's sixth most valuable brand.

<span class="mw-page-title-main">Pepsi</span> Soft drink by PepsiCo

Pepsi is a carbonated soft drink with a cola flavor, manufactured by PepsiCo. As of 2023, Pepsi is the second most valuable soft drink brand worldwide behind Coca-Cola; the two share a long-standing rivalry in what has been called the "cola wars".

<i>Cholo</i> Loosely-defined Spanish term that has had various meanings

Cholo is a loosely defined Spanish term that has had various meanings. Its origin is a somewhat derogatory term for people of mixed-blood heritage in the Spanish Empire in Latin America and its successor states as part of castas, the informal ranking of society by heritage. Cholo no longer necessarily refers only to ethnic heritage, and is not always meant negatively. Cholo can signify anything from its original sense as a person with one indigenous parent and one Mestizo parent, "gangster" in Mexico, an insult in some South American countries, or a "person who dresses in the manner of a certain subculture" in the United States as part of the cholo subculture.

<span class="mw-page-title-main">Arby's</span> American sandwich chain based in Sandy Springs, Georgia

Arby's is an American fast food sandwich restaurant chain with more than 3,300 restaurants. The flagship property of Inspire Brands, it ranked third in systemwide sales in the United States in the quick-service and fast-casual restaurant industries in 2012, behind Subway and Panera Bread. In October 2017, Food & Wine called Arby's "America's second largest sandwich chain ".

<span class="mw-page-title-main">Crush (drink)</span> Line of fruit flavored carbonated beverages

Crush is a brand of carbonated soft drinks owned and marketed internationally by Keurig Dr Pepper, originally created as an orange soda, Orange Crush. Crush competes with Coca-Cola's Fanta. It was created in 1911 by beverage and extract chemist Neil C. Ward. Most flavors of Crush are caffeine-free.

<span class="mw-page-title-main">Fundidora Park</span> Race track

Fundidora Park is an urban park located in the Mexican city of Monterrey, built in what once were the grounds of the Monterrey Foundry, the first steel and iron foundry in Latin America, and, for many years, the most important one in the region.

<span class="mw-page-title-main">Britvic</span> British producer of soft drinks

Britvic plc is a British producer of soft drinks based in Hemel Hempstead, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It produces soft drinks under its own name, and several other brands.

<span class="mw-page-title-main">The Coca-Cola Company</span> American multinational beverage corporation

The Coca-Cola Company is an American multinational corporation founded in 1892. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the NYSE and is part of the DJIA and the S&P 500 and S&P 100 indexes.

<span class="mw-page-title-main">PepsiCo</span> American multinational food and beverage corporation

PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998.

Roberto Hernández Ramírez is a Mexican businessman. He is a former CEO of Banco Nacional de México (Banamex), Mexico's second largest bank, just after BBVA Bancomer, from Spain. He was a member of the board of Citigroup. Chairman of the Board, Banco Nacional de Mexico, S.A. - 1991 to present and is currently the Honorary Chairman. He cofounded with Alfredo Harp, Acciones y Valores de México, S.A. DE C.V. The brokerage house that later acquired Banamex. He was: Chairman of the Board, Bolsa Mexicana de Valores, S.A. de C.V. - 1974 to 1979, Director - 1972 to 2003; Member of the International Advisory Committee of the Federal Reserve Bank of New York. Chairman, Asociacion Mexicana de Bancos - 1993 to 1994; Member, Bolsa Mexicana de Valores, S.A. de C.V. - 1967 to 1986; Director of Citigroup from 2001 to 2009; Other Directorships, Grupo Televisa, S.A.,.

Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex. It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.

<span class="mw-page-title-main">Alfredo Harp Helú</span> Mexican businessman

Alfredo Harp Helú is a Mexican businessman of Lebanese origin, and as of 2011, with a net worth of $1.5 billion, is according to Forbes the 974th richest person in the world. He is also the cousin of multibillionaire Carlos Slim.

<span class="mw-page-title-main">Manzanita Sol</span>

Manzanita Sol is a brand of apple-flavored soft drinks owned by PepsiCo. It was created by two brothers, Ramon and Manuel Rodriguez Fonseca, who started Embotelladora El Sol after learning the trade from the father, a Spanish industrialist who arrived to Mexico in the 20th Century. The formula for Manzana Sol, a cider flavored drink, was registered in 1950, when the original factory was based in Mexico City's neighborhood of San Pedro de los Pinos, and later moved to Acoxpa 69, in Coapa. PepsiCo. bought the formula in the nineties. It originally included 6% of apple juice.

<i>La fea más bella</i> Mexican telenovela

La Fea Más Bella is a Mexican telenovela produced by Televisa. It is the second Mexican version of the popular Colombian telenovela Yo soy Betty, la fea.

<span class="mw-page-title-main">Dr Pepper</span> Carbonated soft drink

Dr Pepper is a carbonated soft drink. It was created in the 1880s by pharmacist Charles Alderton in Waco, Texas, and first served around 1885. Dr Pepper was first nationally marketed in the United States in 1904. It is now also sold in Europe, Asia, North and South America. In Australia, New Zealand and South Africa, Dr Pepper is sold as an imported good. Variants include Diet Dr Pepper and, beginning in the 2000s, a line of additional flavors.

<span class="mw-page-title-main">Camino Real Hotels</span> Mexican Hotel Service

Camino Real Hotels is a Mexican-based hotel chain that operates 18 hotels in Mexico.

The Pepsi Bottling Group, Inc. was the world's largest bottler of Pepsi-Cola beverages. PBG sales of Pepsi-Cola beverages accounted for more than one-half of the Pepsi-Cola beverages sold in the United States and Canada and about 40 percent worldwide. PBG had the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of 43 states, the District of Columbia, nine Canadian provinces, Spain, Greece, Russia, Turkey and Mexico. Approximately 70 percent of PBG's volume was sold in the United States and Canada. Pepsi Bottling Group was based in Somers, New York.

<span class="mw-page-title-main">Soteno family</span> Mexican ceramic artisan family

The Soteno family of Metepec is one of the main families of ceramic artisans specializing in sculptures called Trees of Life which have made the town found in the State of Mexico one of Mexico’s main ceramic centers. The Tree of Life is a complicated colorful sculpture which was developed from the creation of candlesticks. The family’s prominence began with Modesta Fernández Mata, the mother, grandmother and great-grandmother of the Soteno potters today, who began experimenting making more decorative items along with utilitarian ones. The generations after her have learned the craft and improved on it starting as children working with parents and grandparents. The two most notable members of the family are Tiburcio and Oscar, second and third generation respectively, who have won various awards and have their works in collections worldwide.

<span class="mw-page-title-main">Al Giordano</span> American journalist,political commentator(1959–2023)

Al Giordano was an American journalist, political commentator, and anti-nuclear and environmental activist and organizer.

Sobrino is a Spanish surname. Notable people with the surname include:

References

  1. Pepsico in Mexico, Anatomy of an Affiliate's Exposure, Thunderbird Graduate School
  2. "SEC Info - Pepsi Bottling Group Inc, et al. - 'SC TO-T' on 10/7/02 re: Pepsi Gemex SA de CV, et al. - EX-99.A.7". www.secinfo.com.
  3. Simon, Joel. "Friends and Family, Mexican Style". Wired via www.wired.com.
  4. "Reaparece Angélica Chain, así luce luego de casarse con millonario". October 27, 2020.