Portuguese company Jerónimo Martins in Top 100 family businesses globally

Portuguese company Jerónimo Martins in Top 100 family businesses globally - Portugal Business News

Portuguese company Jerónimo Martins ranks in the Top 100 family businesses globally under the Global Family Business Index.

Ranking at no. 1 is Wal-Mart Inc. in the US, while 2 Portuguese companies make it to the ranking of the Global Family Business Index, namely Jerónimo Martins that ranks 69th and Sonae SGPS that ranks 231st.

The 2023 EY and University of St.Gallen Family Business Index reveals that the largest 500 family businesses are growing faster than the global economy at nearly twice the rate of advanced economies. They collectively generate USD 8.02 trillion in revenue and employ 24.5 million people worldwide.

Jerónimo Martins SGPS is a Portuguese corporate group that operates in food distribution and specialized retail. It operates more than 4,900 stores in Portugal, Poland, and Colombia. The group is the majority owner of Jerónimo Martins Retail (JMR), which operates the Pingo Doce hypermarket chain in Portugal. The group is listed on Euronext Lisbon and is part of the PSI-20 index.

Sonae is a Portuguese multinational business group based in the Porto district. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres, information systems, media and telecommunications. It is the largest private employer in Portugal, with 53,794 employees. Sonae is listed on the Euronext PSI-20 in Lisbon.

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