AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Sonae

Sonae
Company nameSonae SGPS, S.A.
Company typeSociedade Anónima (Euronext - SON)
IndustryConglomerate holding company
Founded1959
HeadquartersMaia, Portugal
Key peoplePaulo de Azevedo (CEO), Belmiro de Azevedo (Chairman)
ProductsGrocery stores; hypermarkets; pharmacies; foodservice outlets; bookshops; apparel, consumer electronics and white goods retail; shopping centre and real estate management; financial investments; telecommunications
Revenue-5.665 billion (2009)
Operating income-349.3 million (2009)
Net income-93.8 million (2009)
Employees39,370 (2009)
SubsidiarySonae MC, Sonae Sierra (50%), Sonaecom (53.2%)

     Home | Company | Sonae



Sonae ( ) is a conglomerate, and is the largest private employer in Portugal. The company is primarily engaged in the operation of retail stores through its subsidiary Modelo Continente.

Additionally, the company operates other businesses including real estate development, communication and information technology services, tourism services and other related activities through its subsidiaries Sonae Sierra, Sonaecom, and Sonae Distribuição. Sonae operates primarily in Europe. It is headquartered in Maia and employs about 39,000 people. Sonae SGPS, the holding company, is listed on the Euronext Lisbon stock exchange. The president and main shareholder is Belmiro de Azevedo, one of the most influent Portuguese businessmen and a Forbes fortunes figure. Sonae was originally an acronym standing for Sociedade Nacional de Estratificados (roughly, National Company of Engineered wood). Engineered wood were the company's original line of business which is now fully integrated into the totally autonomous spin-off Sonae Indústria. It was the only Portuguese company to be included in the list of the 110 World's Most Ethical Companies (Ethisphere prizes), in 2011.


Warning: simplexml_load_file(http://gdata.youtube.com/feeds/api/videos/-/Sonae?orderby=viewCount&max-results=10) [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "http://gdata.youtube.com/feeds/api/videos/-/Sonae?orderby=viewCount&max-results=10" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260