|Founded||Matosinhos, Portugal (1985 )|
|Number of locations||415 stores (2010)|
|Revenue||€3.275 million (2010)|
|Operating income||€147 million (2010)|
Sonae Distribuição is the biggest retailer in Portugal. The hypermarket Continente chain is in Amadora, Antas (Porto), Barreiro, Braga, Cascais, Coimbra (CoimbraShopping and Fórum Coimbra), Covilhã, Guia, Guimarães, Leiria, Lisboa (C.C. Colombo, C.C. Vasco da Gama and Telheiras), Loures, Mafra (opened on October 1, 2008), Maia (MaiaShopping and Maia Jardim), Matosinhos, Ovar, Portimão (V6 and Retail Park), São João da Madeira, Seixal (Arrentela), Viana do Castelo, Vila Nova de Gaia, Vila Real, and Viseu (Av. da Bélgica and Retail Park). The supermarket chain Continente Modelo, formerly named just Modelo, has also a nationwide presence. Sonae Distribuição, S.G.P.S., S.A. is a subsidiary company of Sonae SGPS.
Sonae Distribuição started in 1985 by the merger of two large retailers, Modelo and Continente. Modelo was owned by the Sonae holding, while Continente was the Portuguese and Spanish operation of the French retailer Promodès, known by the ensign Continent elsewhere.
In 2008, Carrefour sold its Portuguese retail ventures existing under the Carrefour ensign to Sonae. Continente used to have one branch in Dubai, which was later purchased by Carrefour. The Continente ensign disappeared from Spain after the 1999 Carrefour-Promodès merge.
In April 2011 Angolan business woman Isabel dos Santos signed a joint partnership between her own Condis enterprise and the Portuguese Sonae group, for the development and operation of a retail trading company in Angola. They will open the first Continente supermarket brand in 2013 in Angola.
The supermarket chain operates three main store formats; regular Continente stores, Continente Bom Dia (convenience stores and smaller supermarkets in urban locations, designed for more frequent purchases of everyday life, 800 m2 (8,600 sq ft)) and Continente Modelo stores (hypermarkets of proximity, with an area of about 2,000 m2 (22,000 sq ft)).
At the end of its 2009/10 financial year Continente store portfolio was as follows.
|Format||Number||Total Space (m2)|
† Includes Continente Bom Dia.
- Annual Report 2010 (PDF), Sonae, retrieved 4 March 2012
- "Portugal's Biggest Retailer Selects SeeBeyond". ebiz. Archived from the original on 2011-02-12. Retrieved 2007-02-20.
- "Carrefour announces the divestment of its stake in Modelo Continente and the acquisition of 13 hypermarkets in Poland from Ahold.". Carrefour. Retrieved 2007-02-20.
- Portuguese group Sonae authorised to open hypermarkets in Angola Aicep Portugal Global, retrieved 27 December 2011