Many beer lovers enjoy Dos Equis, but not everyone knows who’s behind this popular Mexican brew. If you’ve ever wondered about the ownership of this iconic beer with the double X logo, you’re not alone. Dos Equis is owned and managed by Heineken Group, one of the largest beer companies in the world.

The beer’s journey began in 1897 when it was created in Orizaba, Mexico by the Moctezuma Brewery. Its distinctive name, which means “Two Xs” in Spanish, comes from the Roman numeral XX that was used to mark the original beer casks.
Today, while still brewed in Mexico, Dos Equis has found its place in the Heineken family of brands, joining a global portfolio of beverages.
Heineken continues to grow the Dos Equis brand while maintaining its Mexican heritage and flavor profile. The beer became especially famous in the United States through its memorable “Most Interesting Man in the World” advertising campaign, helping it stand out in the competitive imported beer market.
Key Takeaways
- Dos Equis was created in 1897 in Mexico but is now owned by the global Heineken Group.
- The beer maintains its Mexican brewing traditions while benefiting from Heineken’s international distribution network.
- Dos Equis has expanded beyond its original lager to include amber varieties, hard seltzers, and ready-to-drink cocktails.
Brand History

Dos Equis beer has a rich heritage spanning over a century, with its distinctive name and flavor stemming from European brewing techniques brought to Mexico. The brand has changed hands several times throughout its existence while maintaining its unique character.
Dos Equis Origins
Dos Equis began its journey in 1897 when German immigrant Wilhelm Hasse created a special beer in Mexico. Originally named “Siglo XX” (meaning “20th Century” in Spanish), the beer was brewed to welcome the upcoming 1900s. This marked the beginning of what would become one of Mexico’s most recognized beer brands.
The name “Dos Equis” (Spanish for “Two Xs”) replaced Siglo XX later, but kept the same Roman numeral concept. Wilhelm combined his German brewing expertise with Mexican ingredients, creating a unique flavor profile.
The beer quickly gained popularity in Monterrey and surrounding regions. Its distinctive taste helped it stand out from other Mexican beers of the time.
Evolution of Ownership
Dos Equis has experienced several ownership changes throughout its long history. Initially part of Wilhelm Hasse’s brewing operation, the brand later became a flagship product of the Moctezuma Brewery.
In the late 20th century, a significant merger occurred. The Moctezuma Brewery joined with Cervecería Cuauhtémoc to form Cuauhtémoc-Moctezuma, bringing together several popular Mexican beer brands including Tecate and Sol.
The most recent major ownership change came when Heineken International acquired the brand. This Dutch brewing giant purchased the Cuauhtémoc-Moctezuma operation, bringing Dos Equis into its global portfolio of beer brands.
Cuauhtémoc Moctezuma Brewery
The Cuauhtémoc Moctezuma Brewery plays a crucial role in the Dos Equis story. Founded in 1890, this brewing powerhouse has been operating for 135 years and represents one of Mexico’s oldest and most respected brewing traditions.
Originally, Moctezuma operated separately from Cervecería Cuauhtémoc. The two companies were competitors in the Mexican beer market before their eventual merger.
Today, the brewery continues to produce Dos Equis alongside other popular Mexican beers like Tecate and Sol. Under Heineken’s ownership, the brewery maintains its traditional brewing techniques while benefiting from modern distribution networks.
The facility in Monterrey remains an important production center, honoring the brand’s historical roots while embracing innovations in brewing technology.
Current Ownership

Dos Equis beer is part of a global beverage portfolio managed by one of the world’s largest brewing companies. Its ownership reflects the consolidation trend in the international beer industry.
Heineken International
Dos Equis is currently owned by Heineken International, one of the world’s largest brewing companies. The Mexican beer brand became part of Heineken’s portfolio in 2010 when the Dutch company acquired FEMSA Cerveza, which previously owned the Dos Equis brand.
Heineken has maintained the authentic Mexican heritage of Dos Equis while expanding its global reach. Under Heineken’s leadership, Dos Equis has grown its presence in the United States and international markets.
The brand has evolved beyond its traditional lager offerings. Heineken has expanded the Dos Equis product line to include hard seltzers and ready-to-drink cocktails, reflecting changing consumer preferences.
Ownership Structure
Heineken International operates Dos Equis as part of its extensive global brand portfolio. The brand falls under Heineken’s regional management structure with specific teams dedicated to the Mexican beer segment.
Dos Equis benefits from Heineken’s global distribution network and marketing expertise. This relationship gives the Mexican beer brand access to markets it might not have reached under independent ownership.
Despite being owned by a Dutch company, Dos Equis maintains its authentic Mexican identity. The brand’s marketing continues to highlight its heritage dating back to 1897, when it was founded by German brewer Wilhelm Hasse in Mexico.
The Dos Equis label draws inspiration from Moctezuma, the last Aztec ruler, connecting the brand to Mexican history while operating under European ownership.
Marketing and Advertising

Dos Equis has built its brand identity through strategic marketing that connects with beer drinkers seeking adventure and authenticity. Their campaigns have become cultural phenomena while consistently positioning the brand as a premium imported beer with a distinct personality.
The Most Interesting Man in the World Campaign
The “Most Interesting Man in the World” campaign transformed Dos Equis from a relatively unknown Mexican beer to a household name in the United States. Launched in 2006, the campaign featured Jonathan Goldsmith as the sophisticated, worldly character who “doesn’t always drink beer, but when he does, he prefers Dos Equis.”
The commercials presented outlandish claims about the character’s adventurous life through a series of black-and-white vignettes. Lines like “He once had an awkward moment, just to see how it feels” became cultural catchphrases.
This campaign ran for nearly a decade before Goldsmith was replaced in 2016 by French actor Augustin Legrand. The popularity of this campaign helped Dos Equis sales grow by nearly 35% while other imported beers struggled during the same period.
Keep It Interesante Campaign
In 2018, Dos Equis pivoted to a new direction with the “Keep It Interesante” campaign. This approach encouraged consumers to embellish their stories to make social gatherings more interesting, much like the brand itself does with its advertising.
The campaign featured everyday people telling increasingly exaggerated tales while enjoying Dos Equis. It maintained the brand’s humorous tone but made it more relatable to younger drinkers.
More recently, Dos Equis has refreshed its brand identity with campaigns designed to offer a dose of post-pandemic optimism. These newer approaches aim to orient the beer around an attitude of “always striving for interesting,” connecting with consumers seeking memorable experiences.
Target Audience
Dos Equis initially targeted men aged 21-49 with its “Most Interesting Man” campaign, appealing to those who aspired to sophistication and adventure. The ads portrayed an ideal of masculinity that resonated with this demographic.
More recent marketing efforts have expanded the target audience to include women and younger drinkers. According to Heineken USA CMO Jonnie Cahill, being purely an advertising-led brand wasn’t enough to maintain growth in changing markets.
The brand now focuses on creating engaging experiences beyond traditional media. They sponsor events like college football and Cinco de Mayo celebrations to connect with consumers in authentic settings where their beer is enjoyed.
Product Range

Dos Equis offers a variety of Mexican beers with distinctive flavor profiles. Their product lineup includes traditional lagers and special limited editions that appeal to different tastes.
Lager Offerings
The core of Dos Equis product range consists of their flagship lagers. Dos Equis Lager Especial is the brand’s most recognized offering, featuring a crisp, refreshing taste with a light golden color.
Dos Equis Ambar is another popular option, presenting a more robust flavor profile with amber coloring and a full-bodied taste. This Mexican Vienna-style lager offers a perfect balance between sweetness and bitterness.
Both varieties are available in multiple formats including bottles, cans, and kegs to suit different occasions and preferences. These lagers are brewed by Cervecería Cuauhtémoc Moctezuma in Mexico, maintaining their authentic Mexican heritage.
Special Editions and Variants
Beyond their core offerings, Dos Equis has expanded into seasonal and special edition beers. The brand occasionally releases limited-time varieties that showcase innovative flavor combinations and brewing techniques.
Dos Equis has also ventured beyond traditional beer into the growing Ready-to-Drink market. The brand now offers Hard Seltzers and Ready-to-Drink Cocktails, expanding their appeal to consumers seeking alternatives to conventional beer options.
Special edition packaging is another aspect of their product strategy, with collectible art-inspired bottles and cans released for holidays and cultural celebrations like Cinco de Mayo and Day of the Dead.
These limited editions help keep the brand fresh and exciting while appealing to collectors and those looking for unique drinking experiences beyond the traditional lager offerings.
Cultural Impact

Dos Equis has made a significant mark on popular culture through its memorable advertising campaigns and distinctive brand identity. The beer’s marketing strategies have created lasting impressions that extend well beyond the beverage industry.
Dos Equis in Media
Dos Equis achieved its greatest cultural breakthrough with “The Most Interesting Man in the World” campaign, which became a pop culture phenomenon. This character, portrayed initially by actor Jonathan Goldsmith, captured audiences’ attention with his sophisticated, worldly persona and impossible achievements.
The campaign launched in 2006 and quickly transcended traditional advertising. The character appeared in TV shows, became the subject of countless internet memes, and inspired Halloween costumes. His adventures and exploits became part of the American cultural conversation.
In 2016, Dos Equis replaced the original character with a new version, played by actor Augustin Legrand, to refresh the brand’s image. More recently, the brand has evolved past relying solely on the character and moved toward a more optimistic positioning that encourages consumers to be interesting themselves.
Iconic Slogans
“Stay thirsty, my friends” stands as one of the most recognizable advertising taglines in beer marketing history. This catchphrase, delivered by The Most Interesting Man in the World, became so popular that it entered everyday conversation.
People used the phrase in social situations, social media posts, and even in professional settings as a humorous sign-off. The slogan’s success helped Dos Equis, a brand owned by Heineken International, stand out in the crowded beer market.
Beyond this signature phrase, Dos Equis commercials featured memorable lines describing the main character’s extraordinary abilities. These often followed the format: “He once had an awkward moment, just to see how it feels” or “His blood smells like cologne.” These catchphrases fueled the brand’s cultural relevance and helped maintain its distinctive voice.
Consumer Connection

Dos Equis beer has built strong relationships with customers through various outreach programs and special events. The brand creates meaningful ways to connect with beer lovers while celebrating Mexican heritage and culture.
Events and Sponsorships
Dos Equis organizes exciting events that bring people together around shared interests and good beer. The brand is known for its lively Cinco de Mayo celebrations across the United States, creating festive atmospheres where both men and women can enjoy Mexican traditions.
Sports partnerships form a major part of Dos Equis’ connection strategy. The beer brand sponsors college football and other sporting events, helping to reach its target audience in relaxed social settings.
The famous “Most Interesting Man in the World” campaign significantly boosted the brand’s popularity. Before retiring this iconic character, Dos Equis nearly tripled its business through this clever marketing approach.
Community Engagement
Dos Equis actively supports Mexican cultural celebrations to honor its heritage. The brand participates in Day of the Dead festivals and other traditional Mexican events across America.
Through Heineken USA’s broader initiatives, Dos Equis reaches diverse communities. The company has recognized the importance of connecting with multi-cultural consumer bases to grow its market share.
Local bar promotions and tasting events help beer enthusiasts discover the full range of Dos Equis products. The brand has expanded beyond its traditional beer offerings to include hard seltzers and ready-to-drink cocktails, appealing to changing consumer preferences.
Community partnerships with local businesses and restaurants help establish Dos Equis as a friendly, accessible brand that supports neighborhood economies.
Comparative Market Analysis

Understanding Dos Equis’ market position helps reveal why Heineken values this Mexican beer brand in its portfolio. The beer competes effectively against other premium imports while responding to changing consumer preferences.
Dos Equis Versus Competitors
In the premium imported beer category, Dos Equis faces competition from several notable brands. Dos Equis Lager Especial holds a significant position among Mexican imports in the U.S. market, competing directly with Corona, Modelo, and Tecate.
Heineken-owned Dos Equis differentiates itself through its distinctive green bottles and memorable marketing. The brand gained tremendous recognition through its “The Most Interesting Man in the World” advertising campaign, which helped it stand out in a crowded market.
When comparing flavor profiles, Dos Equis offers a more robust taste than lighter Mexican beers like Sol, appealing to consumers seeking more character in their beer. This positioning has helped Dos Equis maintain its premium status among imported beers.
Market Trends
Recent years have brought significant challenges to the beer industry, with changing consumer preferences forcing brands to innovate. For Dos Equis, the pandemic served as a “wake-up call” after experiencing falling sales.
In response, Dos Equis accelerated innovation, expanding beyond its traditional beer offerings into other alcoholic beverages. This strategic pivot demonstrates how Heineken is adapting the brand to match emerging market trends.
Mexican beer imports continue to grow in popularity in the U.S., even as overall beer consumption faces pressure from hard seltzers, craft beers, and wine alternatives. This growth provides opportunities for Dos Equis to expand its market share.
Dos Equis has also explored limited editions and seasonal varieties to keep the brand fresh and responsive to consumer interests. These innovations help maintain relevance in a market where younger consumers often seek new flavors and experiences.
Dos Equis at Home

Enjoying Dos Equis at home has become increasingly popular, with many beer enthusiasts finding creative ways to incorporate this Mexican lager into their home entertaining experiences. The versatile nature of Dos Equis makes it perfect for casual gatherings and food pairings alike.
Home Consumption Trends
Dos Equis has seen a significant rise in home consumption over recent years. Many consumers are now purchasing this iconic brand for enjoyment in their own spaces rather than just at restaurants or bars.
The popularity of Dos Equis’ ready-to-drink options has grown tremendously. Their newer product lines, including Hard Seltzers and Ready-to-Drink Cocktails, have expanded the brand’s presence in home refrigerators across America.
Home bartenders often feature Dos Equis in DIY beer bars or home taps. Some enthusiasts display their empty bottles as decorative items, appreciating the distinctive double-X logo as a piece of bar art.
Many fans participate in the growing trend of “beertography” – taking artistic photos of their Dos Equis bottles or perfectly poured glasses for social media sharing.
Food Pairings and Recipes
Dos Equis pairs wonderfully with traditional Mexican cuisine, enhancing flavors in dishes like tacos, enchiladas, and fajitas. The crisp, light taste complements spicy foods by providing a refreshing contrast.
For home chefs, Dos Equis works excellently as an ingredient in cooking. Beer-battered fish tacos using Dos Equis in the batter creates a light, crispy texture with subtle malt notes.
Try this simple marinade for grilled chicken:
- 1 bottle Dos Equis
- ¼ cup lime juice
- 2 cloves minced garlic
- 2 tbsp olive oil
- Fresh cilantro
Dos Equis Cheladas make entertaining at home easier with their ready-to-serve format. These pre-mixed beverages save time while delivering authentic flavor combinations popular in Mexico.
Beer cheese dip with Dos Equis adds a Mexican twist to a classic party appetizer, creating a crowd-pleasing option for game days or casual get-togethers.
Environmental and Social Responsibility

As part of the Heineken family, Dos Equis embraces a strong commitment to environmental sustainability and social responsibility. The brand has implemented various initiatives that benefit both the environment and the communities where it operates.
Sustainability Initiatives
Dos Equis has been working hard to make its production more sustainable for our environment. The brand is up-cycling materials in its manufacturing process to reduce waste. This is part of Heineken’s broader vision called “Brew a Better World” which puts sustainability front and center of their business strategy.
Water conservation is a key focus for Dos Equis, especially important in Mexico where many of its breweries are located. The company has invested in technology that reduces water usage during the brewing process.
Dos Equis has also been working on reducing its carbon footprint by optimizing transportation routes and using more energy-efficient equipment in their Mexican breweries.
Community Support
Dos Equis actively engages with communities in Mexico and the United States where its products are popular. The brand recognizes that doing business worldwide comes with important responsibilities beyond just making profits.
The brand sponsors cultural events that celebrate Mexican heritage and traditions. This helps to maintain cultural connections for communities across North America.
Local employment is another way Dos Equis contributes positively. Their breweries provide jobs to hundreds of people in Mexican communities, supporting local economies and families.
Dos Equis also participates in disaster relief efforts when needed. They provide clean water and resources to affected areas in Mexico after natural disasters like hurricanes or earthquakes.
