Sonae

Sonae's First-Half Turnover Exceeds €4bn Boosted By MC, Worten

Sonae, which owns the food retail chain Continente, has reported consolidated turnover growth of 11%, to €4.3 billion, in the first half of its f...

Portugal's MC Strengthens Market Position in Grocery Sector

Portuguese retail chain MC has reported a 9.4% year-on-year revenue increase, to €1.6 billion, in the first quarter of 2024.

Sonae Accounted For 3.7% Of Portugal's GDP In 2022, Study Finds

Sonae, which owns the food retail chain Continente, accounted for 3.7% of the overall Portuguese gross domestic product (GDP) in 2022.

Portugal's Continente Tests Inclusive Store Concept

Portuguese supermarket chain Continente is piloting an inclusive store concept designed to improve the shopping experience for people with disabilities, pa...

MC Develops New Platform To Track Suppliers' Environmental Impact

Portuguese retail group MC, part of Sonae, has unveiled Footprint MC, a new platform dedicated to assessing the carbon and water footprint of its suppliers...

Portugal's MC To Close Go Natural Supermarkets

Portuguese retail group MC has announced it is shuttering its Go Natural supermarkets and has initiated a process to integrate the chain's workers into oth...

Portugal's Sonae Launches €868m Takeover Of Finnish Pet Care Retailer Musti

A consortium led by Sonae, which owns Portugal's largest food retailer, has launched a tender offer on all the shares in Finnish pet care retailer Musti, i...

Sonae's MC Arm Sees Sales Up 9.6% In Third Quarter

Portuguese retailer MC, which operates the Continente brand, saw sales rise 9.6% in the third quarter of its financial year, or 8.7% on a like-for-like bas...