Retail and telecoms conglomerate Sonae has announced the acquisition of 95.4% of the share capital and voting rights in Claybell, owner of the Gosh Food plant-based foods brand, via its Food4Future subsidiary for £64 million ($85 million). UK-based Gosh Food is a manufacturer of free-from products such as burgers, sausages, and bites trading under the Gosh! brand, as well as a private label producer for retailers and foodservice channels. The …
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Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has announced the opening of a new store concept, Continente Labs. According to sources, it takes five seconds to buy something in the new 150 sq. mt. store, as the store is scan-less and cashier-less and the purchases are made through the Continente Labs app. The store is equipped with around 230 cameras on the ceiling and over 400 …
Portuguese retail and telecoms conglomerate Sonae is reportedly in talks to acquire Egyptian supermarket chain Spinneys, which is currently owned by Abraaj Group. According to an article in Jornal De Negocios (citing Bloomberg), the owner of the Continente chain is in negotiations with Abraaj Group over a potential deal that would reportedly be concluded with a local partner. Abraaj Group is also said to be negotiating the sale of Spinneys …
Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has introduced a new range of jams and chutney that are described as being made from fruit and vegetables nearing the end of their sell-by date. According to an article in Distribuicao Hoje, the move is designed to tackle the issue of produce going to waste despite still being good to eat; fresh deliveries of fruit and vegetables lower the value …
Portuguese retail and telecoms conglomerate Sonae has announced that it has reached an agreement to acquire organic supermarket chain Brio. Brio is now 100% owned by Sonae through an acquisition agreement concluded between Sonae MC and The Edge Group, which has owned the chain since 2010. Brio operates six stores across Lisbon, each store entirely focused in organic food. Luís Moutinho, CEO of Sonae MC said: “This expansion of Sonae …
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