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Pingo Doce arrives in Azores, by agreement between the Groups Finançor and Jerónimo Martins

The Finançor Group, through its subsidiary Finançor – Agro – Alimentar, S.A. (Finançor), and the Jerónimo Martins Group, through its distribution companies in Portugal, today signed an agreement to ensure the best assortment and prices in the Azores food sector, under the Pingo Doce and Recheio banners.

This partnership between the two Groups bolsters national coverage of the banners, extending the same attractive and competitive value propositions that made it market leader in mainland Portugal and Madeira to Azorean consumers and to professional operators in the traditional retail sector and HoReCa channel in the Autonomous Region.

Under the agreement, which is still awaiting official approval, Jerónimo Martins will hold a minority share of 20% in Finançor Distribuição Alimentar, S.A. (formerly Marques Comércio a Retalho, S.A.) and Finançor Cash & Carry, S.A. (formerly Marques Comércio por Grosso, S.A.).

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Covid 19: Jerónimo Martins Group implements extraordinary measures

Following the declaration of a state of readiness in Portugal as a result of the development of the COVID-19 pandemic, the Jerónimo Martins Group has decided to implement extraordinary measures until further notice, applicable to its head offices and to stores and distribution centres across the country.

From next Monday, 16 March, the Jerónimo Martins Group stores in Portugal (Pingo Doce, Recheio, Bem-Estar, Hussel and Jeronymo) will be reducing their business hours, and half of head office employees will work from home, in rotation.

The business hours of stores, which are available on their respective websites, will vary depending on the chain and where the stores are located. Pingo Doce stores will close at no later than 7 p.m. and Recheio stores at 4 p.m.

In this way we hope, on the one hand, to help contain the spread of the virus and, on the other, to ensure that there is a team ready to work, in each unit or area, in the event another team needs to be isolated.

In times of crisis, food supply takes on significant strategic importance. As such, the goal is also to maintain the operation of the logistics chain, ensure that products are available in stores and to reduce the risk for employees and customers.

The Group is continuously assessing development of the situation and adjusting measures whenever necessary.

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Jerónimo Martins rises to 50th place among the world's largest retailers

The Jerónimo Martins Group ranks 50th among the world’s largest retailers, according to the 2020 edition of “Global Powers of Retailing” released by Deloitte. Compared to the same survey, conducted ten years ago, the Group rose 44 positions in the ranking. In 2019 the Group was ranked 55th, having climbed 5 positions.

This is the 23rd edition of the survey that identifies the 250 largest retailers around the world, based on publicly available data for fiscal year 2018 (which ended up on 30 June 2019).

Deloitte’s analysis highlights that “the Group that holds the Pingo Doce and Recheio banners in Portugal, Biedronka and Hebe in Poland and Ara in Colombia posted consolidated revenues in the amount of 20.453 billion US dollars, having recorded an average annual sales growth of 7.9% between 2013 and 2018.”

Walmart continues to lead and Amazon in the Top-3

The food retail sector, with 136 companies, is the one that contributed the most to the Top-250, representing 66.5% of the total revenue generated.

Amazon continues its approach to the top positions and rose to 3rd place on the list led by Walmart (1st place) and Costco (2nd place).

The podium is made up of retailers of American origin, but Europe is the continent most represented in the Top-250, with 88 companies based in the region generating 34.4% of total revenues. Germany (19), the United Kingdom (14) and France (12) are the European countries with the highest number of companies in the ranking.
“One of the key factors that differentiates European retailers from those of the rest of the world is their ability to internationalise their businesses and their significant capacity to leverage the phenomenon of globalisation. Besides the physical presence of their stores on a global scale, European retail companies have also started investing in e-Commerce and the digital transformation of their businesses, which means their growth potential could be even more significant,” explains Pedro Miguel Silva, Deloitte’s retail industry partner.

The Jerónimo Martins Group already announced its preliminary sales figures for 2019, with consolidated turnover growing 7.5% to 18,638 million euros.

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Jerónimo Martins celebrates 30 years on the Stock Exchange

Jerónimo Martins today is celebrating its 30th anniversary on the Stock Exchange in a symbolic bell ringing ceremony at Euronext, in Lisbon, attended by the president of the Euronext Stock Exchange, Isabel Ucha, and Jerónimo Martins Group Chairman and Chief Executive Officer Pedro Soares dos Santos.

It has been thirty years of profound change and growth. In this period, the Group expanded to Poland and Colombia, opened more than 4,200 stores, added over 100 thousand new employees to its teams and grew sales by 18 billion euros.