Jerónimo Martins
 |
|
| Type | Sociedade Anónima |
|---|---|
| Traded as | Euronext: JMT |
| Industry | Retail, manufacturing |
| Founded | 1792 |
| Founder(s) | Jerónimo Martins |
| Headquarters | Lisbon, Portugal |
| Key people | Alexandre Soares dos Santos (Chairman), 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 | €7.317 billion (2009)[1] |
| Operating income | €349.8 million (2009)[1] |
| Profit | €200.3 million (2009)[1] |
| Employees | 53,800 (2009)[1] |
| Website | www.jeronimomartins.pt |
Jerónimo Martins SGPS, SA (JM) is a Portugal-based company that operates in food distribution and consumer products manufacturing. The firm is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce super- and hypermarket chains in Portugal. JMR has been run as a 51%-49% joint venture with the Dutch firm Ahold since 1992;[2] in November 2006 Ahold announced its intention to sell its interest[3] but it continues to search for a buyer as of 2009.[4]
Jerónimo Martins also owns the Biedronka supermarket chain in Poland and has industrial facilities in Portugal 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.[5]
Within Portugal and Madeira, JM also owns the Recheio chain of cash-and-carry stores.
Shares of Jerónimo Martins are listed on Euronext Lisbon and form part of the PSI-20 index.
[edit] Former operations
It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[6] a stake in Eurocash, a cash-and-carry in Poland;[7] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[8]
[edit] References
- ^ a b c d "Annual Report 2009". Jerónimo Martins. http://www.jeronimomartins.pt/rc_2009/DATA/EN/TGJM_RC09.PDF. Retrieved 12 September 2010.
- ^ "Our Brands / Jeronimo Martins". Ahold. http://www.ahold.com/en/brands/jeronimo-martins. Retrieved 2 January 2010.
- ^ "Jeronimo Martins ready to start process to buy Ahold's stake in JMR". AFX News (Forbes). 6 November 2006. http://www.forbes.com/feeds/afx/2006/11/06/afx3147755.html. Retrieved 2 January 2010.
- ^ Aveiro, Isabel (6 March 2009). "Negociações com a Ahold não podem pôr em causa balanço da JM" (in Portuguese). Jornal de Negócios. http://www.jornaldenegocios.pt/index.php?template=SHOWNEWS&id=357740. Retrieved 2 January 2010.
- ^ "JM & Unilever Joint-Venture". Jerónimo Martins. http://www.jeronimomartins.pt/en/industria/parceria.html. Retrieved 2 January 2010.
- ^ Watts, Robert (2 April 2006). "What's happened to Lillywhites?". The Daily Telegraph. http://www.telegraph.co.uk/finance/2935802/Whats-happened-to-Lillywhites.html. Retrieved 2 January 2010.
- ^ "International News - Jeronimo sells Eurocash". Retail Week. 7 February 2003. http://www.retail-week.com/international-news-jeronimo-sells-eurocash/1728181.article. Retrieved 2 January 2010.
- ^ "Venda de supermercados Sé confirma-se". TSF. 30 July 2002. http://tsf.sapo.pt/PaginaInicial/Interior.aspx?content_id=882994. Retrieved 2 January 2010.
