Continente pays out 79% of Sonae sales
The multi-sector Portuguese company Sonae closed 2023 with a turnover of €8.4Bn, up 9.2% on 2022. Sonae’s EBITDA was a record €990 million. The growth was driven by MC, the owner of Continente, [...]
The multi-sector Portuguese company Sonae closed 2023 with a turnover of €8.4Bn, up 9.2% on 2022. Sonae’s EBITDA was a record €990 million. The growth was driven by MC, the owner of Continente, [...]
Food suppliers Aqui é Fresco which has already made a €500 million turnover, is to open 700 stores nationwide. The chain of independent mini-marts and small supermarkets which started 12 years [...]
Portuguese supermarket and food distribution giant Jerónimo Martins says that its business in Colombia should be worth 20% of its total business sales within a decade. The company currently [...]
The French supermarket retailer Carrefour is to sue Sonae in a bid to claw black a number of fines that were slapped on it over civil, labour and tax infractions that were still pendant and [...]
The shares of Portuguese food distribution group Jerónimo Martins, which holds supermarkets such as Pingo Doce in Portugal and Biedronka in Poland, have been changing hands for record amounts [...]
Despite a slowdown in inflation on the prices of goods and services in Portugal, food prices continue to be high at 23% above the average price levels of 2021. According to Portugal’s national [...]
Poland’s regulator has fined the Portuguese supermarket giant Jerónimo Martins, which operates in the country under the Biedronka trademark, €36 million for “deceptive advertising”. The consumer [...]
The Portuguese grocer Jerónimo Martins (JM) posted a net result of €140 million for the first three months of 2023, an increase of 59.1% on the result the group – which owns the Pingo Doce [...]
Lidl launched on Tuesday the symbolic ‘foundation stone’ of its new warehouse depot in Loures. The depot represents an investment of €110 million euros and will create 200 jobs. The ceremony was [...]