Ecuador's dairy champion — yogurt, milk, cheese — is controlled by two of the world's most powerful beverage companies, yet it is so quietly run that its own stock exchange listing is almost invisible. That combination of global parentage and local opacity makes Holding Tonicorp a case study in how multinationals operate in small, dollarised markets. Full nameHolding Tonicorp S.A. Ticker / ExchangeHOLDINGTONICOR.EC / Bolsa de Valores de Guayaquil (BVG) HeadquartersGuayaquil, Guayas, Ecuador SectorManagement of Companies / Food (dairy) — operating via subsidiaries Employees (holding co.)2 (2024) — all operating …
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