Portuguese retail and telecoms conglomerate Sonae has acquired the organic supermarket chain Brio, which has six stores in the Lisbon area.
The move follows Sonae's acquisition of a 51% stake in the Go Natural supermarket in Lisbon last December, as part of the retailer's 'strategy of investing in the area of health and wellness'.
Healthy Leadership
"This expansion of Sonae MC’s presence in healthy food retail strengthens our leadership position in this market segment and contributes to our commitment to providing the best and most accessible offer to every consumer, whatever their needs or lifestyles, ” said Luís Moutinho, chief executive of Sonae MC.
These acquisitions will add to the retailer's network of Continente stores across Portugal.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
