MexMoves

Whitepaper Media
  • 4.8 (6)
  • BUSINESS
  • UPDATED WEEKLY

Each week, Damian Fraser and Eduardo García dissect Mexico’s most important business stories with global impact—and bring on a guest to explore a subject the headlines missed

  1. 6D AGO

    49. Classical Music, Monterrey Smog, 2025 Highlights and Bread Wars

    For our Christmas special, we interview Carlos Miguel Prieto, renowned Artistic Director of the Orquesta Sinfónica de Minería, about the business and current state of classical music in Mexico. We also speak with Verónica García de León about the smog crisis in Monterrey: what’s driving it, and why it persists. To kick off, Eduardo and I discuss Mexico’s 2025 corporate and market highlights, from Fernando Chico Pardo taking control of Banamex, to the rally in Pemex bonds, IPOs at Aeroméxico, Fibra Next, and Esentia, and a wave of new CEOs at Coppel, Alsea, Walmex, Femsa, Bimbo, and others. Finally: Bread Culture Wars. We reflect on the Green Rhino / Richard Hart controversy, and how intemperate comments on the alleged poor quality of Mexican bread rolls in an obscure 2024 podcast became a social-media firestorm 18 months later, and turned into a proxy for (some of) Mexico’s gentrification and anti-foreign anxieties. Try Whitepaper 30 days free Buy your Whitepaper merch here

    1h 30m

  2. DEC 11

    48. Inside MIP’s Rise, Behind HBO’s Chespirito, Alsea’s New QSR, and the AT&T–Televisa Plot

    Jaime Guillen, co-founder and partner at Mexico Infrastructure Partners (MIP), joins us to explain how the firm became the country’s largest infrastructure fund, the strategy behind its landmark Iberdrola acquisition, and where MIP is heading next, from energy and digital infrastructure to industrial real estate and international expansion. For a sector that usually works under the radar, this is a rare look at the decisions shaping Mexico’s power and infrastructure future. We then turn to Bruce Boren, Partner at THR3 Media and former Televisa executive, producer of HBO’s hit Chespirito biopic. Bruce breaks down how the project came together, why it struck such a nerve, and what the looming Netflix and Paramount battle for Warner Bros. Discovery could mean for content creators in Mexico. Before the interviews, Eduardo and I run through the week’s business and economic headlines. We look at the impact of the hike on tariffs on imports from non-FTA countries like China, the latest inflation data and what it may signal for Banxico’s next moves. Then we discuss Alsea, which continues to reshape its portfolio, now bringing Raising Cane’s, one of the fastest-growing QSR brands in the U.S., to Mexico. The move pairs with its 2026 Chipotle rollout and follows recent divestments in Chile and Spain. Finally, we dig into the rising speculation around a potential AT&T México, Televisa and Izzi deal. If it happens, Televisa would take on many of AT&T’s challenges, including high spectrum costs, MVNO pressure and Telcel’s dominance, while gaining the scale of a national mobile operation along with the advantages of its broadband and cable network and the political muscle that comes with still being Mexico’s leading broadcaster. Try Whitepaper 30 days free Buy your Whitepaper merch here

    1h 20m

  3. DEC 4

    47. Binance’s Mexico Bet, Duncan Wood on USMCA Hearings, Bimbo at 80, and the 40-Hour Week Ahead

    MexMoves interviews Salvador Rivero, the new Country Head of Binance Mexico, who lays out what the world’s largest crypto exchange plans to do in the country. We also speak with US-Mexico policy expert Duncan Wood for his take on the USMCA hearings in Washington — what’s at stake and what 2026 US trade outcomes are realistic for Mexico. To kick off Eduardo and Damian as always dig into the main corporate and economic stories of the week. Grupo Bimbo turns 80 and opens its new museum in Mexico City, which leads us to a broader question: why has Mexico produced so few large new companies in recent decades? Many of today’s corporate giants trace their origins to the Porfiriato or the WWII industrial boom — and unlike in USA, Brazil, Argentina, not many newer firms have joined their ranks. Finally, we look at the 13% minimum-wage increase for 2026 and the government’s plan to cut the workweek from 48 to 40 hours by 2030. Great news for workers with formal jobs — but with informality already above 50%, critics warn that steep wage hikes and shorter hours could unintentionally curb formal hiring and push more firms into the gray economy. Try Whitepaper 30 days free Buy your Whitepaper merch here

    1h 3m

  4. NOV 27

    46. Banco Azteca Opens Up; Treviño on Mexico’s Leadership Gaps; Protests Hit Highways; Fibra NEXT Follow-On

    Join us for a deep dive with Banco Azteca Chairman Alejandro Valenzuela on how Azteca really makes its money, why cash still refuses to die, and why a phygital model is the way forward for Mexican banks. Javier Treviño shares leadership lessons from his new book Silos, celos y círculos íntimos and what a more ethical, less “clubby” business culture in Mexico could look like. Eduardo and Damian break down the farmer and trucker highway blockades as corn prices, water rights and insecurity fuel nationwide protests; the details behind Fibra NEXT’s US$400m downsized follow-on; the US$100m wager on American football in Mexico under the NFL’s shadow; and the battle over credit and debit card related interchange-fees between the banks and authorities just as the government unveils the new financial inclusion strategy for 2025-2030. Try Whitepaper 30 days free Buy your Whitepaper merch here

    1h 39m

  5. NOV 20

    45. AI for Mexico Logistics, Gold Mine Drama, Mexico Rises to #1 US Buyer, Esentia IPO, ASUR Buys Big

    Desteia’s Diego Solórzano explains how real, operator-focused AI tools can ease Mexico–U.S. logistics bottlenecks. Journalist Steve Fisher recounts the unlikely recovery of a gold mine in Sonora that many had written off, detailing the operational, financial, and human factors behind its revival. We discuss Mexico surpassing Canada as America’s top export market for the first time, driven by tighter USMCA rules of origin, China-related tariff pressure, and decades of integrated US/Mexico supply chains. We review Esentia Energy’s IPO, completed but priced below range as investors weighed its exposure to CFE and the shadow of Aeroméxico’s post-IPO weakness. We also cover ASUR’s acquisition of 20 airports across Brazil, Costa Rica, Ecuador and Curaçao; Tiendas 3B’s standout quarterly results; and rumors Grupo Salinas is selling Mazatlán FC, potentially opening the door for Atlante’s return to Liga MX.’

    1h 22m

  6. NOV 13

    44. Plata’s CEO on 2M+ users and a $3B valuation; CDMX and U.S. sports teams; Esentia’s gas-pipeline IPO; and what Kimberly-Clark’s Kenvue deal means for Mexico.

    We talk with Neri Tollardo, Plata’s co-founder and CEO, to understand how the fintech rocketed from zero to more than two million users and a $3 billion valuation in just over two years. We also explore the pros and cons of Mexico City as a potential home for U.S. sports teams, the stakes behind Esentia’s planned gas-pipeline IPO as Mexico and the U.S. both benefit from the decade-long boom of gas imports Texas to Mexico, and how Kimberly-Clark’s acquisition of Kenvue (Tylenol, Listerine, etc.) could affect its separately listed and managed Mexican business. Try Whitepaper 30 days free Buy your Whitepaper merch here

    1h 20m

  7. NOV 6

    43.KIO on Mexico’s data-center opportunities; Natixis on local asset-management plans; GAP-CBX merger; ASUR bid for South American airports; Aeromexico prices IPO

    Octavio Camarena, CEO of KIO, Mexico’s leading local data-center company, talks to us about the company’s ambitious expansion plans, power bottlenecks, and why a successful data-center build-out is relevant to Mexico’s AI competitiveness. Then French-owned Natixis explain their local asset-management push, driven by rising savings and pension assets. Eduardo and Damian analyze GAP’s purchase of CBX from its controlling shareholders and the move to internalize technical assistance; dilution now, potential gains later. They also cover ASUR’s bid for a South American airport bundle, and how Aeromexico priced its IPO despite tough U.S.–Mexico travel conditions. Finally, they dissect the current investment slump which suggests Plan Mexico is not working - and why U.S. business is pressing Mexico for clear, predictable investment and tax rules. Prueba Whitepaper 30 días gratis Compra tu gorra o ilustraciones de Whitepaper aquí

    1h 31m

  8. OCT 30

    42. Uber Mexico Heads Explain Strategy, Revolut CEO on Mexico Opportunities, U.S. Route Bans Hit Mexican Airlines, the Debate Over Credit Card Fees, and Mercado Libre Outperforms Oxxo and Walmex

    This week on MexMoves, Uber’s top Mexico executives break down their strategy and why the country has become one of Uber’s biggest global markets. Juan Guerra, CEO of Revolut Bank Mexico, discusses how the fintech will be adapting its European model to Mexico (ie, credit will be a bigger part of the story). We examine the U.S. route bans hitting Mexican airlines, the government’s controversial plan to slash credit card fees and impact on FinTechs, and the wildly divergent fortunes of Mercado Libre, Oxxo, and Walmex in 3Q25 amid a slowing consumer backdrop. Try Whitepaper 30 days free Buy your Whitepaper merch here

    1h 31m
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Ratings & Reviews

4.8
out of 5
6 Ratings

About

Each week, Damian Fraser and Eduardo García dissect Mexico’s most important business stories with global impact—and bring on a guest to explore a subject the headlines missed

Information

  • Creator
    Whitepaper Media
  • Years Active
    2K
  • Episodes
    49
  • Rating
    Clean
  • Copyright
    © Whitepaper Media
  • Show Website
    MexMoves

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