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Jeronimo Martins

March 7, 2012

Portuguese family business Jeronimo Martins posted strong results this week, while Italian energy group ERG and British retailer Matalan reported large falls in profits.

Portuguese family business Jeronimo Martins posted strong results this week, while Italian energy group ERG and British retailer Matalan reported large falls in profits.

Jeronimo Martins, the food retailer controlled by the Dos Santos family, said revenues jumped 13.2% in 2011 to €9.84 billion, from €8.69 billion in 2010.

In a statement released on 7 March, the Lisbon-based group added that net profit for 2011 was €340 million, compared to €281 million in 2010 – a 21.1% increase.

January 9, 2012

Alexandre Soares dos Santos, head of family-controlled food distributor Jeronimo Martins, has moved his family’s holding company to avoid "fiscal instability" in Portugal. 

Alexandre Soares dos Santos, head of family-controlled food distributor Jeronimo Martins, has moved his family’s holding company to avoid "fiscal instability" in Portugal.

Speaking to Portuguese newspaper Expresso, the family business head defended his decision to relocate the holding company, which controls 56% of Jeronimo Martins, to the Netherlands.

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