Portuguese food retailer Sonae MC has signed an agreement with the Spanish central purchasing body IFA Group.
The agreement, which enters into force on 1 January 2016, will help Sonae leverage negotiating and purchasing opportunties.
IFA Group incorporates more than 30 different affiliates among the major retailers in Spain. At the end of 2014, IFA Group affiliates represented more than 6,000 points-of-sale, with a turnover of over €10 billion.
As a result of the affiliation agreement, Sonae MC will get access to a broader range of sourcing options, while its portfolio of private label brands will explore a wider range of opportunities in the Spanish market.
For its part, IFA Group will become the largest platform for all suppliers in the Iberian Peninsula.
Sonae MC operates a variety of formats, including Continente (hypermarkets), Continente Modelo (supermarkets), Continente Bom Dia (convenience stores), Continente Ice (deep frozen food) and Meu Super (neighbourhood stores under the franchising format).
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.http://www.esmmagazine.com/subscribe
