Grupo Modelo, S. A. B. de C. V., together with its subsidiaries, engages in the production, distribution, and sale of beer. The company brews and distributes beer under Corona Extra, Barrilito, Corona Light, Estrella, Le n, Modelo Especial, Modelo Light, Montejo, Negra Modelo, Pac fico, Pac fico Light, Tropical Light, and Victoria brands. It also imports and distributes beer of Budweiser, Bud Light, O'Doul's, Tsingtao, and Carlsberg brands; and produces and distributes bottled water under Gerber, Nestl Pureza Vital, Perrier, Sta. Mar a, and S. Pellegrino brands. In addition, the company operates convenience stores under the Extra name that offer soft drinks, water, wine, liquor, food, and other products; and owns sports teams. It operates 980 Extra stores in Mexico. The company sells its products in Mexico, as well as exports to approximately 180 countries. It has a strategic alliance with Nestl Waters for the production and distribution of bottled water in Mexico. The company was founded in 1925 and is headquartered in Mexico, Mexico. As of May 31, 2013, Grupo Modelo, S.A.B. de C.V. operates as a subsidiary of Anheuser-Busch InBev SA/NV.