Portugal: Sonae to acquire UK plant-base brand Gosh Food
Retail and telecoms conglomerate Sonae has announced the acquisition of 95.4% of the share capital and voting rights in Claybell, owner of the Gosh Food plant-based foods brand, via its Food4Future subsidiary for £64 million ($85 million). UK-based Gosh Food is a manufacturer of free-from products such as burgers, sausages, and bites trading under the […]
Portugal: Continente opens new store concept Continente Labs
Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has announced the opening of a new store concept, Continente Labs. According to sources, it takes five seconds to buy something in the new 150 sq. mt. store, as the store is scan-less and cashier-less and the purchases are made through the Continente Labs […]
Egypt: Sonae looking to acquire Spinneys supermarkets – reports
Portuguese retail and telecoms conglomerate Sonae is reportedly in talks to acquire Egyptian supermarket chain Spinneys, which is currently owned by Abraaj Group. According to an article in Jornal De Negocios (citing Bloomberg), the owner of the Continente chain is in negotiations with Abraaj Group over a potential deal that would reportedly be concluded with […]
Portugal: Continente introduces preserves made from ‘leftover’ produce
Supermarket chain Continente, part of Portuguese retail and telecoms conglomerate Sonae, has introduced a new range of jams and chutney that are described as being made from fruit and vegetables nearing the end of their sell-by date. According to an article in Distribuicao Hoje, the move is designed to tackle the issue of produce going to waste […]
Portugal: Sonae acquires organic supermarket chain Brio
Portuguese retail and telecoms conglomerate Sonae has announced that it has reached an agreement to acquire organic supermarket chain Brio. Brio is now 100% owned by Sonae through an acquisition agreement concluded between Sonae MC and The Edge Group, which has owned the chain since 2010. Brio operates six stores across Lisbon, each store entirely […]