Radar > 236602

Continente to enter United Arab Emirates

Continente vai entrar nos Emirados Árabes Unidos

Intel ID : 236602
Synopsis

Continente, engaged in retail sale in supermarkets and hypermarkets, will anticipate the opening of the first store in the UAE this year, as published by Económico on May 13, 2016, citing CCCO of Sonae, Luis Reis.

According to Luis Reis, "The place for the first Continente store is chosen, we have a team in place, and if all goes as planned we will open this year."

According to the news, this new Continente store marks Sonae's entry in the international food retail market, in partnership with retail group Fathima, an agreement signed in August 2015, and will be carried out through a franchise model as originally planned.
(content in portuguese)

A Continente, que se dedica ao comércio a retalho em supermercados e hipermercados, vai antecipar a abertura do primeira loja nos Emirados Árabes Unidos para este ano, segundo publicou o Económico em 13 de maio de 2016, citando ao CCCO da sua controladora, Sonae, Luís Reis.

Segundo Luís Reis, “O local para a primeira loja Continente está escolhido, temos lá uma equipa e se tudo correr como planeado a abertura acontecerá ainda este ano”.

De acordo com a publicação, abertura deste Continente marca a entrada nos mercados internacionais da unidade de retalho alimentar da Sonae, em parceria com o grupo retalhista Fathima, um acordo assinado em Agosto de 2015, e será em regime de franchising como inicialmente previsto.

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Intel ID 236602
Value ND
Native Currency Euro (EUR)
Financial Data - Continente
(31 Dec 2022)
Revenue: EUR 5.118,67m
EBITDA: EUR 318,03m
Net Debt: EUR 3.323,54m
People: 26170
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