Portuguese retailer Jeronimo Martins has received approval from Colombia’s antitrust authority to acquire 75 Colsubsidio supermarkets to boost its presence in Colombia to more than 1,500 outlets. In November last year, Colsubsidio announced that it would close all 104 of its stores by December due to declining performance and increased competition. The newly acquired stores will gradually reopen under the Ara brand by summer supported by new distribution centres in …
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Jeronimo Martins
Polish retailer Biedronka has announced it is opening its first ever store in Slovakia this month, supported by a new distribution centre in Voderady. The new store in Miloslavov is expected to offer 3,400 product lines. It intends to source half of its fresh food from Slovak suppliers, with a long-term goal of stocking 40% Slovak products. A subsidiary of the Portuguese retail giant Jeronimo Martins, Biedronka operates 3,730 stores across Poland, and generated …
Jeronimo Martins, the Portuguese retail chain, has announced the further expansion of its Ara banner in Colombia, with its network of stores projected to reach 1,300 by the end of 2023, up from fewer than 1,100 the year before. Staff headcount is set to increase to 14,500, with the company also expecting to operate 17 distribution centres by the end of the year. A decade ago, Jeronimo Martins operated just 21 stores …
Jeronimo Martins Group has acquired 10.1% (16.8 million euros) of the Norwegian company Andfjord Salmon for sustainable salmon production. “Just a few days before the 2022 United Nations Ocean Conference in Lisbon, we are investing in a promising and truly innovative sustainable business project that is fully aligned with our corporate responsibility priorities. Andfjord Salmon’s project is focused on using efficient technology to produce salmon – a strategic product to …
Portuguese retailer Jeronimo Martins is contemplating a further expansion in central or Eastern Europe, according to a Jornal Economico report. In an interview with the newspaper, Jeronimo Martins chief executive Pedro Soares dos Santos said that the company was now established in Poland and was considering expanding to nearby countries, in particular Romania, although this may not be in 2019. “We have reached a scale in Poland such that, in …
Portuguese retailer Jeronimo Martins has acquired five stores from Piotr iPawel, a competing retail chain of delicatessen and supermarket stores operating in Poland. The acquisition sees Jeronimo Martins pursuing its strategy of expanding outside Portugal. The opportunity arose at a time that Piotr iPawel is reported to be experiencing financial difficulties. Jeronimo Martins now owns 2,837 stores globally. The newly-acquired stores, located in Wroclaw, Poznan, Tychy and Kalisz, will be operated …
Portuguese retailer Jeronimo Martins has announced plans to expand by opening its 16th distribution centre in Poland as well as opening new stores in the country. The new distribution centre for the group’s supermarket chain Biedronka is expected to open in Q3 2017 and to be located in the western region of Poland. According to sources, it will cover 28,000 sq m and it will create 250 jobs. The retailer also …
The Portuguese based supermarket group Jeronimo Martins, through its Biedronka supermarket banner in Poland, has established a factory in the country that will manufacture private label soup products, according to an article in European Supermarket Magazine. The result of an initial investment of $7.8 million, the new factory, which is to be located in Parzniewo near the Polish capital Warsaw, close to a previously opened Biedronka superstore. According to reports, …
Jeronimo Martins, the Portuguese supermarket group, has announced the investment of €500 million ($560 million) in Colombia, where it expects to open 1,000 stores by 2020. According to a report in Economico, Jeronimo Martins chairman Pedro Soares dos Santos, speaking at a gathering of journalists, said as a “source of innovation”, Colombia was crucial to the group since the demographic was younger than in the country than in the firm’s …
Retailer Jeronimo Martins has reported an 11% increase in sales for 2013, but declining growth in its largest market of Poland, Just Food reports. Compared to EUR10.68bn (approx. $14.55bn) in 2012, Jeronimo Martins reported total sales of EUR11.83bn (approx. $16.18bn), with like-for-like sales increasing 3.5%. The retailer attributed the increase to sales volume growth combined with year-on-year falls in inflation. In Portugal, sales at the retailer’s Pingo Doce supermarket chain …
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