PORTUGAL: Divestment reduces Jeronimo's debt levels
Portugese retailing giant Jeronimo Martins has revealed that following its most recent divestment, UK sporting goods retailer Lillywhites, its debt level is now below €1.3bn (US$1.5bn). Analysts quoted in local newspaper Semanario Economico added that Jeronimo could reduce this debt further through the sale of its Jumbo retail chain in Poland to France's Leclerc for €50m.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Unilever buys US condiments maker Sir Kensington's
- Nestle organic growth slows but beats expectations
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- ABF buys UK sports nutrition firms H5, Reflex