Jerónimo Martins
| 220px | |
| Sociedade Anónima | |
| Traded as | Euronext: JMT |
| Industry | Retail, manufacturing |
| Founded | 1792 |
| Founder | Jerónimo Martins |
| Headquarters | Lisbon, Portugal |
|
Key people
|
Pedro Soares dos Santos (CEO) |
| Products | Unilever-branded fast moving consumer goods |
| Services | Discount, grocery and convenience stores; hypermarkets; cash-and-carry; pharmacies; foodservice outlets |
| Revenue | €14.980 billion (2014)[1] |
| €457 million (2014)[1] | |
| Profit | €301.7 million (2014)[1] |
|
Number of employees
|
73,433 (Aug 2013)[2] |
| Website | www.jeronimomartins.pt |
Jerónimo Martins SGPS, SA (JM) is a Portuguese corporate group that operates in food distribution and consumer products manufacturing. It operates around 2,800 stores in Portugal, Poland, and Colombia.[3] The group is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chain in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold since 1992;[4] in November 2006 Ahold announced its intention to sell its interest[5] but it continues to search for a buyer as of 2009.[6]
Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.
Operations
In Portugal, Jerónimo Martins operates the Pingo Doce chain of super- and hypermarkets as well as the Recheio chain of cash-and-carry stores. It also has industrial facilities focused on the production of several Unilever brands. This is carried out through the joint venture company Unilever Jerónimo Martins, which is 45% owned by JM and 55% owned by Unilever.[7]
Jerónimo Martins also owns Biedronka, the largest chain of no-frills supermarkets in Poland.
In 2013, Jerónimo Martins Group started its operations in Colombia with the opening of the Ara brand of stores and the first distribution centre.[8]
Former operations
It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[9] a stake in Eurocash, a cash-and-carry in Poland;[10] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[11]
See also
References
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