Portuguese giant Jeronimo Martins has sights on Romania

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18 March 2020 à 13h53

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Publication: 18 March 2020 à 13h53

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Publication

18 March 2020 à 13h53

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Publication: 18 March 2020 à 13h53

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The Portuguese grocery retailer (sales of €18.6 billion in 2019, up by 7.5%, and a rise of 7.9% in net profit to €433 million) continues expansion into Eastern Europe. Whilst Portuguese domestic business was in the red, Polish sales increased by almost 8% to €12.6 billion last year. Jeronimo Martins is Poland’s largest food retailer, operating the Biedronka discount supermarkets and Hebe health and beauty stores (whose annual sales increased by 26%). C.E.O. Pedro Soares dos Santos said that Rom

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