Pingo Doce

Jerónimo Martins Reports 9.3% Sales Growth In FY 2024, Driven By Biedronka

Jerónimo Martins reported a 9.3% sales increase to €33.5 billion in full-year 2024, while fourth-quarter turnover was up by 6.7%.

Jerónimo Martins' Third-Quarter Profit Falls 7.1%, Margins Narrow

Jerónimo Martins has posted a 7.1% drop in third-quarter net profit as a strain on margins from lower food prices and lingering cost inflation...

Slate Asset Management Acquires Portuguese Grocery Portfolio

Canada-based real asset investor Slate Asset Management has acquired a portfolio of 12 grocery properties in Portugal, adding a new market to its real esta...

Jerónimo Martins' Second-Quarter Profit Falls 28% On Lower Margins

Jerónimo Martins posted a larger-than-expected 28% drop in second-quarter net profit, as a decline in margins from food price deflation offset...

Pingo Doce Unveils Eco-Friendly, Reusable Bread Bags

Portuguese supermarket chain Pingo Doce has introduced reusable bread bags made entirely from cotton and manufactured in Portugal.

Carrefour Polska Names Tomasz Waligórski As Chief Operating Officer

Carrefour Polska has announced the appointment of Tomasz Waligórski as its chief operating officer.

Auchan Completes Acquisition Of DIA’s Portuguese Operations

French retail giant Auchan has finalized its acquisition of Dia Group's Portuguese operations, significantly boosting its store count in the country.

Jerónimo Martins' First-Quarter Profit Falls 31% As Margins Squeezed

Jerónimo Martins has reported a bigger than expected drop in first-quarter net profit as a hit to its margins from food price deflation more than of...