Grupo Bimbo is the world's largest bakery company—yet most Americans don't know it exists. This biweekly essay examines Bimbo's dual identity problem: dominant household brand in LatAm, invisible parent company in the US. RDLB analyzes the house-of-brands vs. branded-house dilemma, the premiumization ceiling in both markets, a comparison with Grupo Modelo's cross-border success via Corona, and three Hemispheric Scan data points on Natura &Co, Unilever LatAm, and Bimbo's Q1 20