Sonae Group, owner of the Continente supermarket chain and other retail brands, has bought 51% of the organic food business Go Natural, leaving founders Joana and Diogo Martorell with 49%.
The plan is to open six Go Natural organic food supermarkets by the end of 2017 with Sonae MC, part of the Sonae group, opening the first Go Natural supermarket in Lisbon tomorrow December 6th with a 350 m2 outlet creating 18 jobs.
The expansion of the partnership for organic food retailing will involve opening more five stores in Portugal during next year. The priorities are Lisbon and Oporto.
Sonae already has announced to the Stock Market regulator that it had agreed to buy 51% of the organic food business.
Sonae MC has not revealed how much it has paid Joana and Diogo Martorell for control of their company but the business will continue its expansion of its Go Natural fast food areas with a target of 23 outlets by the end of the year.