Portuguese food distribution company Jérónimo Martins that owns the Pingo Doce supermarket chain has enjoyed an increase in sales of 21.5% to €4.5Bn in 2021 – a like for like growth of [...]

The Algarve-based supermarket chain Apolónia is to expand to both Lisbon and Porto. Apolónia’s first outlet opened in 1983 as a 100-sqm mini-market in Vale d’Éguas, Almancil, which later [...]

Portuguese food retail giant Jerónimo Martins which owns the Pingo Doce chain of supermarkets has reported €261 million in profits for H1. The grocers, that also has retail food business [...]

Jerónimo Martins, which owns Pingo Doce, registered a profit of €88 million in the first quarter of 2022. It represented a like-for-like increase of 52.4% according to a not sent to the stock [...]

The Portuguese multinational property, supermarket and shopping centre development and management giant Sonae has already linked 60% of its investment finance to green goals. Both directly and [...]

Asteck, the second largest shareholder in the Portuguese food retailer Jerónimo Martins, which owns supermarkets Pingo Doce, has sold its 5% share in the company for €621 million.  It made €1.1Bn [...]

You’ve heard of Uber Eats and Glovo, the restaurant delivery service. Well, now the virtual supermarket concept has been launched onto the Portuguese market. Blok and Gorillas are the two new [...]

The President of Portuguese supermarket giant Jerónimo Martins, Pedro Soares dos Santos, forecasts that Portugal’s economy will only get back on track in the second half of 2022. At a press [...]

The German supermarket chain ended 2020 with a €180 million investment in its 261 stores in Portugal. With urban rehabilitation an integral part of its expansion and modernisation plan, the [...]