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 [...]
The sales turnover of Portuguese supermarket giant Jerónimo Martins, which manages the Pingo Doce brand, soared 20.6% to a total of €30,606 million, despite a year of falling inflation and belt [...]
A judge has prohibited the consumer watchdog ‘Citizens’ Voice from keeping publications on its official website and social media networks accusing the Portuguese supermarket giant Pingo Doce of [...]
Portugal’s supermarket giant Jerónimo Martins (JM) is to expand to Slovakia. It will be the third country in Europe after Portugal and Poland – where the national operator has a strong [...]
An average shopping basket of essential goods that the government has exempted from VAT has shot up to €130 in just one week according to price watchdog Deco. According to Deco, a consumer [...]
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 [...]
The President of PortugalFoods, Amândio Santos has admitted that Portugal’s food industry, has no choice but to increase prices if it is to remain viable. But he says all players in the food [...]
The Portuguese multi-sectoral, multinational group Sonae has posted an increase in its profits for 2022 of 28%. The company which operates Sonae Sierra shopping malls across Portugal and Europe [...]
Food retailer Jerónimo Martins and multinational and multi-sector company Sonae are among the 500 largest family owned companies in the world. They were the only Portuguese companies to make the [...]