Sonae

Portugal's Sonae Reports First-Quarter Profits Despite Pandemic

Portugal's Sonae, which owns the country's largest food retailer, swung to a net profit of €1 million in the first quarter of its financial year on ro...

Sonae Says Portugal's Recovery And Resilience Plan Is A 'List Of Expenses': Report

Portuguese company Sonae's chief executive Cláudia Azevedo believes that the Portuguese Recovery and Resilience Plan (RRP) is a "list of expens...

Portugal's Sonae Sees Q4 Profit Fall As COVID-19 Impacts Shopping Centres

Portugal's Sonae, which operates the Continente supermarket chain, said that its fourth-quarter net profit fell 3.4% from a year ago as the COVID-19 pandem...

E-Commerce Sales In Portugal Up Threefold, Study Finds

A GfK study for Visa has revealed that 44% of Portuguese shoppers have started shopping online or increased their online purchases, as a result of the COVI...

Portugal's Competition Authority Fines Six Retail Chains €304m

Portugal's competition authority AdC imposed fines worth a total €304 million on six supermarket chains, including retail leaders Sonae and Jeronimo M...

Sonae MC Gets Antitrust Nod To Take Full Control Of Go Natural

Portugal’s Competition Authority (AdC) has given the 'green light' for the takeover of full control of Go Well by Portuguese retail group Sonae...

Portugal's Sonae MC Posts Double Digit Growth In First Half

Sonae MC, which operates the Continente chain in Portugal, has posted 11.5% growth in sales in the first half of its financial year, citing the 'extraordin...

Portugal's Sonae MC 'Strengthens Contingency Plans' In Wake Of COVID-19

Portugal's Sonae MC has 'strengthened [its] contingency plans' and is engaged in 'close dialogue with all stakeholders in the supply chain' as it seeks to...