Sonae MC Invests 14 Million Euros in Alto do Lumiar

24 November 2017

Sonae MC inaugurated four brands in Alto do Lumiar, investing 14 million euros and creating roughly 100 new jobs, all of them inside the commercial area of ​​the Continente Modelo of Alto Lumiar.

The gallery will have a hypermarket with about 2,000 square meters of space, thus expanding the presence of Continente in the district of Lisbon, where it now has 52 stores.

In addition to Modelo Continente, Sonae MC’s presence is complemented by three other spaces, including a Note! store, a Bagga coffee shop and a Well’s shop.

Modelo Continente launched a campaign to coincide with the inauguration with 10% discounts on the Continente Card, in addition to any other promotions, which was valid from the 23 to the 26 of November.

José Fortunato, director of Sonae MC, states that “this opening in Alto do Lumiar is part of the expansion plan for the Continente chain, which in 2016 included an investment of 167 million euros (Capex Consolidated) and the creation of 1,576 jobs. Currently, our network has more than 240 stores, with around 30,000 employees, numbers that position Continente as one of the largest companies in Portugal. ”

Original Story: Grande Consumo

Translation: Richard Turner