Jerónimo Martins
| Jerónimo Martins SGPS , SA
|
|
|---|---|
 |
|
| legal form | SA (joint stock company) |
| ISIN | PTJMT0AE0001 |
| founding | 1792 |
| Seat | Lisbon |
| management | Pedro Soares dos Santos, Chairman of the Board |
| Number of employees | approx. 108,560 |
| sales | 17.337 billion euros |
| Branch | Trade, consumer goods production |
| Website | www.jeronimomartins.pt |
| Status: 2018 | |
Jerónimo Martins SGPS, SA (JM), headquartered in Lisbon, is a Portuguese listed retail and consumer goods group, whose activities include food retailing and the production and distribution of consumer goods .
Company history
The name Jerónimo Martins has a long history in Portugal and began in 1792 with the opening of a grocery store on Rua Garrett, which is still an elegant shopping street in the heart of Lisbon. The house was well run until the founder's death, but later the heirs and sons of Jerónimo Martins' gambling debts. When the last descendant of João António Martins died, Francisco Manuel dos Santos took over the business in 1921. Starting from the headquarters in Lisbon's Chiado, a chain of retail stores developed under the name Jerónimo Martins & Filhos. In the mid-30s, the group invested in a margarine factory together with the Silva Torrado company. As early as 1926, Jerónimo Martins began a cooperation with the Dutch food company Unilever, which continues to this day . The company Lever was founded together with this group, specializing in the sale of cleaning agents and personal care products. Frozen products (Iglo) and ice cream (Olá) were added later. The death of Francisco Manuel dos Santos in 1953 led the heirs to Soares dos Santos to convert the company into a public limited company . During the Salazar dictatorship, Jerónimo Martins grew incessantly through nationalist industrial policy. Shops were also built in the colonies of that time. The decline of the colonies was a major turning point for Jerónimo Martins and resulted in heavy losses, especially in Angola .
In Portugal , the company survived the revolutionary years of 1974 unscathed and the company's leaders stayed in the country. Portuguese workers from Angola came back and they were given new jobs in Portugal. This enabled Jerónimo Martins to gain his strong market position and, given the Anglo-Dutch Unilever cooperation, business continued to do well. In 1980, the first supermarket opened in Portugal and it became the foundation of what is now the Pingo Doce branded supermarket empire . From now on there was an unstoppable expansion of the shops and the group even took over 15 supermarkets from Pão de Açúcar in Brazil, which were sold again after a while due to lack of profitability. During this time, the cooperation with the Dutch group Ahold, one of the real global players in the international grocery business, began. In addition to the establishment of countless supermarket chains (Feira Nova, Cash & Carry, Ino) and the acquisition of companies in the wholesale sector, there were now also joint ventures in other areas of the consumer economy (Hussel, Douglas AG etc.). Jerónimo Martins also expanded in the industrial sector and acquired a stake in the olive oil producer of the Galo brand. In wholesale, Jerónimo Martins took over the distribution of brands such as: Kellogg, Idal / Heinz, Rowntree / Perugina, Calvin Klein and Bahlsen.
At the same time, Portugal entered the common market of today's EU and so the share of foreign business increased steadily in the early 1990s. The group started investing in Poland in 1995 and has since become the market leader there with the Biedronka brand supermarkets . In 2012 the company decided to relocate its headquarters to Holland for tax reasons . In contrast to Portugal, a lower tax rate is due there. The supermarket group Pingo Doce made a name for itself especially in the crisis year 2012 by carrying out sales with discounts of up to 50% in promotions announced at short notice. Competitors described these practices as particularly aggressive and ruinous for the industry, and there were tumultuous scenes in the supermarkets.
Market position
Both in Portugal with Pingo Doce and in Poland with Biedronka , the Jerónimo Martins Group is the market leader in the food trade. There is also a macaw in Colombia . Under the label Recheio are Cash & Carry out -Markets under Amanhecer convenience stores under Hussel a chain of 18 candy and confectionery shops (is this chain in Portugal, a joint venture with the German Douglas Holding to the JM 51% holding). Today the main owner is represented on the board by Alexandre Soares dos Santos. The Jerónimo Martins Group is now one of the largest employers in Portugal, employing 32,426 people in the chain of supermarkets and hypermarkets under the common brand Pingo Doce. At the end of 2018, sales in 520 stores totaled 4.8 billion euros.
There are also sales and production cooperations or joint ventures with international retail and food groups such as Ahold and, above all, Unilever . JM is also active in the fields of marketing, representation and catering:
- Unilever Jerónimo Martins: Joint venture with Unilever
- Jerónimo Martins Distribuição de Produtos de Consumo: sells branded products from international manufacturers in Portugal
- PGJM: Joint venture with the Spanish cosmetics group Puig
- Jerónimo Martins Restauração e Serviços: Project developer in the catering sector
- Caterplus: supplier to the catering industry
- Jeronymo: Cafe chain
- Ben & Jerry , Olá: Ice cream shop chain
- Subway : fast food chain
Web links
- Official website (Portuguese, English)
Individual evidence
- ↑ JM Board (English)
- ↑ Sobre a Fundação (story of JM) ffms.pt, accessed on April 5, 2019 (Portuguese)
- ↑ Where we are jeronimomartins.com, accessed on April 7, 2019 (English)
Coordinates: 38 ° 45 ′ 36.5 ″ N , 9 ° 9 ′ 23.9 ″ W.