Type Sociedade Anónima Industry Retail, manufacturing Founder Jerónimo Martins Revenue 14.98 billion EUR (2014) | Traded as Euronext: JMT Founded 1792 | |
Key people Pedro Soares dos Santos (CEO) Stock price JMT (ELI) € 15.72 -0.01 (-0.10%)10 Mar, 5:35 PM GMT+1 - Disclaimer CEO Pedro Manuel de Castro Soares dos Santos (9 Apr 2010–) Profiles | ||
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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. 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; in November 2006 Ahold announced its intention to sell its interest but it continues to search for a buyer as of 2009.
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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.
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.
Former operations
It once owned Lillywhites, a British company focused on sports goods (sold in 2002 to Sports World International); a stake in Eurocash, a cash-and-carry in Poland; and Supermercados Sé, a supermarket chain in Brazil (sold to Grupo Pão de Açúcar in 2002).