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Sonae is a multinational business group based in
Maia Maia (; Ancient Greek: Μαῖα; also spelled Maie, ; la, Maia), in ancient Greek religion and mythology, is one of the Pleiades and the mother of Hermes, one of the major Greek gods, by Zeus, the king of Olympus. Family Maia is the daugh ...
,
Porto District The District of Porto ( pt, Distrito do Porto ) is located on the north-west coast of Portugal. The district capital is the city of Porto, the second largest city in the country. It is bordered by the Aveiro and Viseu districts to the south, Br ...
,
Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...
. It is present in 90 countries, operating in several sectors, including
retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...
,
financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
,
shopping centres A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...
management, software and
information system An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. From a sociotechnical perspective, information systems are composed by four components: task, people ...
s, media and
telecommunication Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...


It is the largest private employer in Portugal, with 53,794 employee

Sonae is listed on the
Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
PSI-20 in
Lisbon Lisbon (; pt, Lisboa ) is the capital and largest city of Portugal, with an estimated population of 544,851 within its administrative limits in an area of 100.05 km2. Grande Lisboa, Lisbon's urban area extends beyond the city's administr ...
, under the code SO

In the first quarter of 2018, Sonae's turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last yea


History

Sonae was founded in 1959 by the entrepreneur, banker and patron from Arouca, Portugal, Arouca, Afonso Pinto de Magalhães. The business group originated from the Sociedade Nacional de Estratificados, an industrial company operating in the area of processed wood, more specifically, in the production of decorative high-pressure laminated panel

During the first two decades of existence, Sonae remained as a small to medium-size business company. Afonso Pinto de Magalhães, also the founder of the Pinto Magalhães Bank, placed Fábio Lemos in control of Sonae in the turbulent years following the
Carnation Revolution The Carnation Revolution ( pt, Revolução dos Cravos), also known as the 25 April ( pt, 25 de Abril, links=no), was a military coup by left-leaning military officers that overthrew the authoritarian Estado Novo regime on 25 April 1974 in Lisbo ...
. During that period, the company was
nationalized Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to p ...
and then reprivatized. In 1982, Afonso Pinto de Magalhães gave 16% of Sonae to
Belmiro de Azevedo Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. ...
, who had been admitted to Sonae in 1965. After the death of the founder, Belmiro de Azevedo reached the majority of the capital, with 54.6%, taking control of the compan

During the 1980s, Sonae began its fast growth. In 1985, Sonae Investimentos SGPS, S.A. was created and the group entered the
Lisbon Stock Exchange Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange. Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and e ...
br>
It was also in the early 1980s that Sonae began its business diversification strategy through Mergers and acquisitions, acquisitions and the creation of new investments. The group entered into the modern distribution market by opening the first
hypermarket A hypermarket (sometimes called a hyperstore, supercentre or superstore) is a big-box store combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including ...
in Portugal, "Continente", in
Matosinhos Matosinhos, Porto, Portugal () is a city and a municipality in the northern Porto district of Portugal, bordered in the south by the city of Porto (8 km from the city centre). The population in 2011 was 175,478, and covered an area of approx ...
. Two years later, Sonae launched seven takeover bids to seven companies, which allowed the business group to grow in various business area

In 1993, Sonae Indústria expanded its investments by acquiring a controlling position in Spanish company
Tafisa The Association For International Sport for All (TAFISA) is an international non-profit sport for all organisation which aims to bring joy, health, social interaction, integration and development to communities and citizens around the globe thr ...
, which allowed the company to extend its business segment. Posteriorly, another important step was taken when Sonae entered into the specialized retail area with the launch of Worten. In 1998, with Paulo de Azevedo leading the project, Optimus was bor

The mobile operator merged with Zon in 2013, giving rise to NOS (Portuguese media company), NOS. In 2007, Paulo de Azevedo took over the leadership of the Sonae group, succeeding his father,
Belmiro de Azevedo Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. ...
br>
In March 2015, Belmiro de Azevedo announced his resignation as Sonae chairman. Paulo de Azevedo was chosen as the new chairman and CEO of the Sonae group, sharing the executive committee presidency with Ângelo Paupério, who was the vice president of Sonae until that poin

In 2018, Cláudia Azevedo was elected executive president of Sonae by the biggest shareholder company of the group, the Efanor. Belmiro de Azevedo's daughter started functions in May 2019, replacing the group Co-CEOs, Paulo de Azevedo and Ângelo Paupéri


Organization

From 2009, Sonae (Sonae SGPS, S.A.) holds a portfolio of businesses grouped into different business areas, where its subholdings are included: Core Businesses * Sonae MC – Portuguese leader in the area of food retail, with a set of different formats:
Continente Continente is a retail chain that belongs to Sonae Distribuição, the largest retailer in Portugal. The hypermarket Continente chain is in spread all over continental Portugal as well on Madeira and in the Azores. The supermarket chain Continen ...
(hypermarkets),
Continente Modelo Continente is a retail chain that belongs to Sonae Distribuição, the largest retailer in Portugal. The hypermarket Continente chain is in spread all over continental Portugal as well on Madeira and in the Azores. The supermarket chain Cont ...
(supermarkets), Continente Bom Dia (convenience stores), Continente Ice (specialised in deep frozen food), Meu Super (franchising format of close-by stores), Bom Bocado (restaurant services), Book.it (bookshop) and Well's (drugstores).Sonae Brands – Official Website
consulted on 14 June 2014 (Portuguese)
* Sonae SR – Responsible for Sonae's non-food related retail area, particularly sports, clothing and electronics, through the brands SportZone (sports), MO (textile), Zippy (Kids clothing and accessories), Worten (household appliances, consumer electronics and entertainment), Worten Mobile (mobile telecommunications), Pets&Plants (garden supplies and articles for pets). Core Partnerships * Sonae Sierra – International specialist in shopping centres. Founded in Portugal in 1989, it is owned by Sonae in 50% of the shares. The remaining 50% are owned by
Grosvenor Group Grosvenor Group Limited is an internationally diversified property group, which traces its origins to 1677 and has its headquarters in London, England. It has a global reach, now in 62 international cities, with offices in 14 of them, operated on ...
(United Kingdom) * Sonaecom – Partnership in the areas of telecommunications, software, information systems and media, which develops an active role in the integrated management of the business units. The universe of companies that are connected to this area is formed by: NOS (Portuguese media company), NOS (telecommunications),
Biztech ''BizTech'' is an American based online quarterly magazine that focuses on advanced technology inside U.S. businesses and nonprofit organizations. Content ''BizTech'' explores the nexus of business and technology, with a focus on technologies th ...
(commercialization of multi-brand IT solutions), WeDo Technologies (supplier of software solutions) and Saphety (simplified solutions and processes automation). In the media area, Sonaecom also owns Público, a reference daily newspaper. Related Business * Sonae RP – Created in 2009, Sonae Retail Properties is focused on the management and development of its real estate assets as a way to provide support to its retail business growth goals. Active Investments * Investment Management – Business branch responsible for Sonae's mergers and acquisitions. Part of this area are businesses like MDS,
Cooper Gay Cooper, Cooper's, Coopers and similar may refer to: * Cooper (profession), a maker of wooden casks and other staved vessels Arts and entertainment * Cooper (producers), alias of Dutch producers Klubbheads * Cooper (video game character), in ' ...
and Herco (in the Insurance sector),
Geostar ''Geostari'' (Georgian: ჯეოსტარი) is the Georgian franchise of the Idol series, which airs on Rustavi 2. Georgia is the fifth former Soviet country to have acquired an ''Idol'' franchise after Armenia, Estonia, Kazakhstan, and Ru ...
(a travel agency that is a
joint-venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
with the RAR group) and Maxmat (bricolage in a
joint-venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
with CRH). With autonomy since 2007, there is Sonae Capital, presided by Cláudia Azevedo, daughter of
Belmiro de Azevedo Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. ...
, with three main business areas: * Sonae Turismo: Business developer in the resorts, hotel and fitness areas. * Energy: Management of the co-generation centrals and photovoltaic parks. * Spread SGPS: Promotions of refrigeration, AVAC and maintenance management and financial participation.


Innovation

In 2012, Sonae invested more than 70 million Euros in research in the retail sector, in a programme that involved around 3,200 employees. In 2014, Sonae compiled a book with more than 80 innovations developed during 2013, in areas like Health or Technology, many of them with national and international prizes.


Recognition

Sonae has received awards and distinctions in a number of areas, having been recognised as one of the Most Ethical Companies in the world, as Human Capital Master and with the ICSC Solal Marketing Awards. According to the latest edition of the Global Powers of Retailing report, carried out by Deloitte and the American magazine Stores, Sonae is one of the 250 largest retailers in the world, positioning itself at 155 place, which is equivalent to an increase of 10 places from the previous ranking. In 2015, Sonae's major retail brands were distinguished as "Trusted Brands", according to the international study carried out for the 15th consecutive year by the Reader's Digest Selections. It is the second most desired company to work by Portuguese university students, according to a survey conducted by Spark Agency and Economics and Management School at Minho University. The company was recognized by Kaizen Institute for its continuous improvement. Continente was honoured with the title "Kaizen Ambassador", for its work carried out in store operations, and Worten was the winner in the "Excellence in Quality" category, for its sales force management project. Sonae brands (Continente, Worten, Sport Zone, Wells and Zippy) were the most valued by consumers, in the fourth edition of Consumer Choice Awards.


Sonae's shopping centers


Portugal

8.ª Avenida , AlbufeiraShopping , AlgarveShopping , Arrabidashopping , Cascaishopping , CC Continente de Portimão ,
Colombo Centre The Colombo Centre (Centro Colombo in Portuguese) is a shopping mall located in the parish of Carnide in Lisbon and attracts many visitors. It is situated next to the ''Lusíada'' avenue and the ''Segunda Circular''; there is a bus terminal next ...
, Centro Vasco da Gama , CoimbraShopping , Estação Viana Shopping , GaiaShopping , Guimarães Shopping , LeiriaShopping , LoureShopping , Madeira Shopping , MaiaShopping , Norteshopping , Parque Atlântico , RioSul Shopping , Serra Shopping , Via Catarina ,
Ponte de Lima Ponte de Lima () is the oldest ''vila'' (chartered town, head of a municipality) in Portugal. It is part of the district of Viana do Castelo. The population in 2011 was 43,498, in an area of 320.25 km2. The town proper has about 2,800 inhabi ...


Brazil

Boavista Shopping , Boulevard Londrina Shopping , Franca Shopping , Manauara Shopping , Parque D. Pedro , Passeio das Águas Shopping , Shopping Campo Limpo , Shopping Metrópole , Shopping Plaza Sul , Uberlândia Shopping


Spain

Dos mares DOS is shorthand for the MS-DOS and IBM PC DOS family of operating systems. DOS may also refer to: Computing * Data over signalling (DoS), multiplexing data onto a signalling channel * Denial-of-service attack (DoS), an attack on a communicatio ...
, GranCasa ,
La Farga LA most frequently refers to Los Angeles, the second largest city in the United States. La, LA, or L.A. may also refer to: Arts and entertainment Music * La (musical note), or A, the sixth note * "L.A.", a song by Elliott Smith on Figure 8 ( ...
,
Luz del Tajo Luz ( ''Lūz'') is the name of two places in the Bible. Mentioned in Genesis Luz is the ancient name of a royal Canaanite city, connected with Bethel ( Genesis 28:19; 35:6). It is debated among scholarsRashi on 28:17 whether Luz and Bethel repr ...
,
Max Center Max or MAX may refer to: Animals * Max (dog) (1983–2013), at one time purported to be the world's oldest living dog * Max (English Springer Spaniel), the first pet dog to win the PDSA Order of Merit (animal equivalent of OBE) * Max (gorilla) (1 ...
, Plaza Mayor , Valle Real , Zubiarte


Italy

Freccia Rossa , Gli Orsi , Le Terrazze


Germany

Alexa Alexa may refer to: Technology *Amazon Alexa, a virtual assistant developed by Amazon * Alexa Internet, a defunct website ranking and traffic analysis service * Arri Alexa, a digital motion picture camera People * Alexa (name), a given name a ...
, Hofgarten Solingen , Loop5 , Münster Arkaden


Greece

Pantheon Plaza


Romania

River Plaza Mall (Râmnicu Vâlcea), Park Lake Plaza (Titan – Bucharest), In development: Adora Park Lake (Craiova), Shopping Plaza (Ploiești).


India

BDA Colony, Happy Ghara


See also

*
Belmiro de Azevedo Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. ...
* Modelo Continente *
Sonae Indústria Sonae Indústria is a manufacturer of engineered wood products, founded and headquartered in Maia, Portugal. Present in five countries within three continents, Sonae Indústria has a wide range of products, from simple board to complete construc ...


References


External links

* * {{authority control Companies based in Porto Conglomerate companies of Portugal Retail companies established in 1959 Maia, Portugal Portuguese brands Portuguese companies established in 1959 Conglomerate companies established in 1959