Sonae Distribuição started in 1985 by the merger of two large retailers, Modelo and Continente. Modelo was owned by the Sonae holding, while Continente was the Portuguese and Spanish operation of the French retailer Promodès, known by the ensign Continent elsewhere.
Thus, it was part-owned by its French competitor, Carrefour, who sold their stake to Sonae for €345 million on 16 November 2004.[3]
In 2008, Carrefour sold its Portuguese retail ventures existing under the Carrefour ensign to Sonae. Continente used to have one branch in Dubai, which was later purchased by Carrefour. The Continente ensign disappeared from Spain after the 1999 Carrefour-Promodès merge.
Store formats
The supermarket chain operates three main store formats; regular Continente stores, Continente Bom Dia (convenience stores and smaller supermarkets in urban locations, designed for more frequent purchases of everyday life, 800 m2 (8,600 sq ft)) and Continente Modelo stores (hypermarkets of proximity, with an area of about 2,000 m2 (22,000 sq ft)).
At the end of its 2009/10 financial year Continente store portfolio was as follows.[1]
Format
Number
Total Space (m2)
Continente
53
Continente Modelo
137
Continente Bom Dia
147
Wells
133
BAGGA
87
Book.it
17
Other
8
Total
582
544,000
References
^ abcd(PDF), Sonae, archived from the original (PDF) on 20 May 2011, retrieved 4 March 2012
^. ebiz. Archived from the original on 2007-04-07. Retrieved 2007-02-20.
^(PDF). Carrefour. Archived from the original (PDF) on 2007-02-03. Retrieved 2007-02-20.
External links
Sonae Distribuição SGPS, SA corporate site
Continente Online
Continente Magazine Online
January 31, 2023
continente, supermarket, peruvian, airline, nuevo, continente, continente, retail, chain, that, belongs, sonae, distribuição, largest, retailer, portugal, hypermarket, continente, chain, spread, over, continental, portugal, well, madeira, azores, supermarket, . For the Peruvian airline see Nuevo Continente Continente is a retail chain that belongs to Sonae Distribuicao the largest retailer in Portugal 2 The hypermarket Continente chain is in spread all over continental Portugal as well on Madeira and in the Azores The supermarket chain Continente Modelo formerly named just Modelo has also a nationwide presence Sonae Distribuicao SGPS SA is a subsidiary company of Sonae SGPS ContinenteTypeSubsidiaryIndustryRetailFoundedMatosinhos Portugal 1985 1985 FounderJoao Rui RegoHeadquartersMatosinhos PortugalNumber of locations519 stores 2018 ProductsGrocery General merchandise Financial servicesRevenue 3 275 million 2010 1 Operating income 147 million 2010 1 Number of employees28 150 2010 1 ParentSonaeWebsitewww wbr continente wbr pt Contents 1 History 2 Store formats 3 References 4 External linksHistory EditSonae Distribuicao started in 1985 by the merger of two large retailers Modelo and Continente Modelo was owned by the Sonae holding while Continente was the Portuguese and Spanish operation of the French retailer Promodes known by the ensign Continent elsewhere Thus it was part owned by its French competitor Carrefour who sold their stake to Sonae for 345 million on 16 November 2004 3 In 2008 Carrefour sold its Portuguese retail ventures existing under the Carrefour ensign to Sonae Continente used to have one branch in Dubai which was later purchased by Carrefour The Continente ensign disappeared from Spain after the 1999 Carrefour Promodes merge Store formats EditThe supermarket chain operates three main store formats regular Continente stores Continente Bom Dia convenience stores and smaller supermarkets in urban locations designed for more frequent purchases of everyday life 800 m2 8 600 sq ft and Continente Modelo stores hypermarkets of proximity with an area of about 2 000 m2 22 000 sq ft At the end of its 2009 10 financial year Continente store portfolio was as follows 1 Format Number Total Space m2 Continente 53Continente Modelo 137Continente Bom Dia 147Wells 133BAGGA 87Book it 17Other 8Total 582 544 000References Edit a b c d Annual Report 2010 PDF Sonae archived from the original PDF on 20 May 2011 retrieved 4 March 2012 Portugal s Biggest Retailer Selects SeeBeyond ebiz Archived from the original on 2007 04 07 Retrieved 2007 02 20 Carrefour announces the divestment of its stake in Modelo Continente and the acquisition of 13 hypermarkets in Poland from Ahold PDF Carrefour Archived from the original PDF on 2007 02 03 Retrieved 2007 02 20 External links EditSonae Distribuicao SGPS SA corporate site Continente Online Continente Magazine Online Retrieved from https en wikipedia org w index php title Continente supermarket amp oldid 1119297340, wikipedia, wiki, book, books, library,
