Jerónimo Martins profits up
Jerónimo Martins consolidated sales grew 3.5 percent last year, compared to 2019, to €19.3 billion, announced the owner of Pingo Doce, a chain that...
Source: theportugalnews.com
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Pingo Doce will "challenge judicially" €91 million fine
Pingo Doce will "challenge judicially" €91 million fine By TPN/Lusa, in News · 21-12-2020 21:00:00 · 0 Comments Jerónimo Martins, owner of the Pingo Doce supermarket chain, said today that it will "challenge the decision of the Competition Authority (AdC) to fine it €91 million for price fixing. "Pingo Doce will challenge those decisions in court and use all means at its power to defend its reputation and repute the truth...
Source: theportugalnews.com
Portugal's competition authority fines 6 retail chains 304 mln euros
By Reuters Staff 2 Min Read LISBON, Dec 21 (Reuters) - Portugal’s competition authority AdC imposed fines worth a total 304 million euros on six supermarket chains, including retail leaders Sonae and Jeronimo Martins, and two beverage suppliers for illegally fixing prices, the regulator said on Monday. It said Modelo Continente, owned by Sonae, Pingo Doce run by Jeronimo Martins, the local units of France’s Auchan and Intermarche and the supplier Sociedade Central de Cervejas (SCC) had agreed a progressive increase in prices for various drinks, including beers and waters. The illegal prac...
Source: reuters.com