Jerónimo Martins

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Jerónimo Martins SGPS, S.A.
Sociedade Anónima
Traded as EuronextJMT
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
89,027 (Dec 2015)[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 3,600 stores in Portugal, Poland, and Colombia.[2] 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;[3] in November 2006 Ahold announced its intention to sell its interest[4] but it continues to search for a buyer as of 2009.[5]

Jerónimo Martins is listed on Euronext Lisbon, under the code JMT, and is part of the PSI-20 index.

Operations[edit]

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.[6]

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.[7]

Former operations[edit]

It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International);[8] a stake in Eurocash, a cash-and-carry in Poland;[9] and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).[10]

See also[edit]

References[edit]

  1. ^ a b c "Full Year Results 2013" (PDF). Jerónimo Martins. Retrieved 14 March 2014. 
  2. ^ a b "Company Profile". Jerónimo Martins. Retrieved 25 September 2016. 
  3. ^ "Our Brands / Jeronimo Martins". Ahold. Retrieved 2 January 2010. 
  4. ^ "Jeronimo Martins ready to start process to buy Ahold's stake in JMR". AFX News. Forbes. 6 November 2006. Retrieved 2 January 2010. 
  5. ^ Aveiro, Isabel (6 March 2009). "Negociações com a Ahold não podem pôr em causa balanço da JM". Jornal de Negócios (in Portuguese). Retrieved 2 January 2010. 
  6. ^ "JM & Unilever Joint-Venture". Jerónimo Martins. Retrieved 2 January 2010. 
  7. ^ "Jerónimo Martins Group starts operations in Colombia". Jerónimo Martins. Retrieved 29 October 2013. 
  8. ^ Watts, Robert (2 April 2006). "What's happened to Lillywhites?". The Daily Telegraph. Retrieved 2 January 2010. 
  9. ^ "International News - Jeronimo sells Eurocash". Retail Week. 7 February 2003. Retrieved 2 January 2010. 
  10. ^ "Venda de supermercados Sé confirma-se". TSF. 30 July 2002. Retrieved 2 January 2010. 

External links[edit]