Jerónimo Martins SGPS S A : Statement – Epic Partners
March 08, 2022 at 08:13 am EST
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The European procurement company Epic Partners is shocked by the current events in Ukraine. Our thoughts are with all the people directly affected by the acts of war and with all those who have to flee their homeland. For this reason, until further notice, Epic Partners has mutually and jointly decided not to conduct joint negotiations with the Russian retailing company Magnit, which is part of Epic Partners.
The partners EDEKA (Germany), Migros (Switzerland), Jerónimo Martins (Portugal and Poland), ICA (Sweden, Estonia, Latvia and Lithuania), Magnit (Russia) and Picnic (Netherlands, Germany) stand by this decision.
It is important for all partners to emphasize that this decision is not a permanent and one-sided stance against the Russian population. As soon as this dramatic conflict situation is resolved, Epic Partners will reassess this collaboration. We are convinced of the benefits of international trade relations, which bring peace and prosperity to citizens.
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Jeronimo Martins SGPS SA published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 13:12:13 UTC.
Jerónimo Martins, SGPS, S.A. is a Group that holds assets in the food sector, mostly in distribution, with market leadership positions in Poland and Portugal. In 2023, the Group recorded sales of 30.6 billion euros and an EBITDA of 2.2 billion euros. The Group had a total of 134,379 employees and ended 2023 with a market capitalisation of 14.5 billion euros on the Euronext Lisbon stock exchange.
In Poland, Biedronka, representing 70% of Group sales and 85% of its EBITDA, is a chain of food stores and the undisputed leader in food retail and in 2023 it continued to increase its market share. Also in Poland, Hebe focuses on the specialised retail of health and beauty products, managing a considerable assortment of products at competitive prices and an in-store consultation service. At the end of 2023 Hebe opened two stores in Czechia, aimed at putting a face to the brand's presence in this country, where growth will be driven through e-commerce.
In Portugal, the Group has a leadership position in food distribution. It operates the banners Pingo Doce and Recheio, which are market leaders in the supermarket and cash & carry formats, respectively. Pingo Doce is a supermarket chain that has a restaurant area in most of its stores. It has two central kitchens that supply not only these restaurants, but also its in-store takeaway operation. Recheio operates a chain of cash & carry stores and has strengthened its business model with a specialised food service operation, underpinned by dedicated platforms, which essentially serve HoReCa customers with a delivery service. Recheio continues also to expand a network of traditional retail partners under the Amanhecer banner. Jerónimo Martins Agro-Alimentar currently operates in four distinct areas: dairy, livestock farming, aquaculture, and fruit and vegetables. The Group also operates two specialised chains, the Jeronymo coffee shops and kiosks and the Hussel chocolate and confectionery chain.
In Colombia, Ara is a chain of proximity food stores, mostly set up in residential neighbourhoods, offering quality at the best price and combining competitiveness with promotional opportunities in key categories for the Colombian consumer. Also in Colombia, Bodega del Canasto operates as a mini cash & carry, aiming for the traditional market (B2B), offering customised Private Brands and industry brands solution.