as euronext son industry retail food and non food products shopping centers telecommunications retail properties and investment management founded 1959 headquarters maia portugal key people paulo de azevedo chairman and co ceo ngelo paup rio co ceo products grocery stores ; hypermarkets ; pharmacies ; foodservice outlets ; bookshops ; apparel consumer electronics and white goods retail ; shopping centre and real estate management ; financial investments ; telecommunications revenue 5.718 billion 2011 1 operating income 661 million 2011 1 profit 178 million 2011 1 total assets 7.552 billion end 2010 total equity 1.862 billion end 2010 number of employees 43 270 end 2010 subsidiaries sonae mc sonae rp sonae sierra 50 % sonaecom 89.9 % website www.sonae.pt sonae sonae sgps s.a. listen help info is a portuguese retail company sonae mc and sonae sr with two big partnerships in the shopping centres areas sonae sierra and the software and information systems media and telecommunications sonaecom . sonae has around 40 000 employees 2 and is present in more than 60 countries . it is listed in euronext psi 20 in lisbon under son code . 3 contents 1 history 2 organization 3 innovation 4 sustainability 5 recognition 6 sonae s shopping centers 6.1 portugal 6.2 brazil 6.3 spain 6.4 italy 6.5 germany 6.6 greece 6.7 romania 6.8 india 7 see also 8 references 9 external links history edit sonae was founded in 1959 in maia portugal in the engineered wood business and more specifically the production of high pressure decorative laminates by the businessman banker and patron from arouca afonso pinto de magalh es . during its first two decades of existence sonae stayed as a small to medium size business focused on the wood derivatives market . afonso pinto de magalh es also the founder of banco pinto magalh es left f bio lemos in control of sonae during the tumultuous years after the carnation revolution . 4 at some stage during that period the company was even nationalized and then privatized again . in 1982 afonso pinto de magalh es gave 16 % of sonae to belmiro de azevedo and after his death belmiro de azevedo achieved the majority of capital gaining control over the company . during the 1980s the company began a period of rapid growth which coincided with portugal s entry in the european economic community before it has changed into the european union . it was also during the 80s that sonae began its fast growth and in 1985 sonae investimentos sgps s.a was created and entered the lisbon stock exchange . 4 furthermore sonae began its strategy to diversify its business through the acquisition and creation of new enterprises the opening of the first hypermarket in portugal continente the inauguration of porto sheraton hotel the purchase of star a travel company and the opening of the two first shopping centres in portim o and albufeira . hand in hand with these new business ventures that also included the expansion to the ict entertainment ant tourism areas came the territorial enlargement creating a presence that is now global in many areas . 5 in 2007 paulo azevedo became sonae s ceo taking the group leadership and succeeding his father belmiro de azevedo . 6 in march 2015 belmiro de azevedo resigned as chairman . paulo de azevedo was chosen to become chairman and ceo of the group sharing the executive committee presidency with ngelo paup rio former vice president of sonae . 7 this same year the company sonae im was started . organization edit from 2009 sonae sonae sgps s.a. holds a portfolio of businesses grouped into different business areas where its subholdings are included 8 core businesses sonae mc portuguese leader in the area of food retail with a set of different formats continente hypermarkets continente modelo supermarkets continente bom dia convenience stores continente ice specialised in deep frozen food meu super franchising format of close by stores bom bocado restaurant services book.it bookshop and well s drugstores . 9 sonae sr responsible for sonae s non food related retail area particularly sports clothing and electronics through the brands sportzone sports mo textile zippy kids clothing and accessories worten household appliances consumer electronics and entertainment worten mobile mobile telecommunications pets & plants garden supplies and articles for pets . 9 core partnerships sonae sierra international specialist in shopping centres . founded in portugal in 1989 it is owned by sonae in 50 % of the shares . the remaining 50 % are owned by grosvenor united kingdom sonaecom partnership in the areas of telecommunications software information systems and media which develops an active role in the integrated management of the business units . the universe of companies that are connected to this area is formed by nos 10 telecommunications biztech commercialization of multi brand it solutions wedo technologies supplier of software solutions and saphety simplified solutions and processes automation . in the media area sonaecom also owns p blico a reference daily newspaper . related business sonae rp created in 2009 sonae retail properties is focused on the management and development of its real estate assets as a way to provide support to its retail business growth goals . active investments investment management business branch responsible for sonae s mergers and acquisitions . part of this area are businesses like mds cooper gay and herco in the insurance sector geostar a travel agency that is a joint venture with the rar group and maxmat bricolage in a joint venture with crh . with autonomy since 2007 there is sonae capital presided by cl udia azevedo 11 daughter of belmiro de azevedo with three main business areas 12 sonae turismo business developer in the resorts hotel and fitness areas . energy management of the co generation centrals and photovoltaic parks . spread sgps promotions of refrigeration avac and maintenance management and financial participation . innovation edit in 2012 sonae invested more than 70 million euros in research in the retail sector in a programme that involved around 3 200 employees . in 2014 sonae compiled a book with more than 80 innovations developed during 2013 in areas like health or technology many of them with national and international prizes . 13 sustainability edit in 2013 sonae gave back to the community 10.6 million euros of which 5 million were in foodstuffs donations impacting more than 2 000 institutions . 14 the main intervention areas are environmental awareness culture education health and sports science and innovation r & d and social solidarity . 15 recognition edit sonae has received awards and distinctions in a number of areas having been recognised as one of the most ethical companies in the world 16 as human capital master 17 and with the icsc solal marketing awards . 18 according to the latest edition of the global powers of retailing report carried out by deloitte and the american magazine stores sonae is one of the 250 largest retailers in the world positioning itself at 155 place which is equivalent to an increase of 10 places from the previous ranking . 19 in 2015 sonae s major retail brands were distinguished as trusted brands according to the international study carried out for the 15th consecutive year by the reader s digest selections . 20 it is the second most desired company to work by portuguese university students according to a survey conducted by spark agency and economics and management school at minho university . 21 the company was recognized by kaizen institute for its continuous improvement . continente was honoured with the title kaizen ambassador for its work carried out in store operations and worten was the winner in the excellence in quality category for its sales force management project . 22 sonae brands continente worten sport zone wells and zippy were the most valued by consumers in the fourth edition of consumer choice awards . 23 sonae s shopping centers edit portugal edit 8 . avenida albufeirashopping algarveshopping arrabidashopping cascaishopping cc continente de portim o centro colombo centro vasco da gama coimbrashopping gaiashopping esta o viana shopping gaiashopping guimar es shopping leiriashopping loureshopping madeira shopping maiashopping norteshopping parque atl ntico riosul shopping serra shopping via catarina brazil edit boavista shopping boulevard londrina shopping franca shopping manauara shopping parque d. pedro passeio das guas shopping shopping campo limpo shopping metr pole shopping plaza sul uberl ndia shopping spain edit dos mares grancasa la farga luz del tajo max center plaza mayor valle real zubiarte italy edit freccia rossa gli orsi le terrazze germany edit alexa hofgarten solingen loop5 m nster arkaden greece edit pantheon plaza romania edit river plaza mall r mnicu v lcea park lake plaza titan bucharest in development adora park lake craiova shopping plaza ploie ti . india edit bda colony happy ghara see also edit belmiro de azevedo modelo continente sonae ind stria references edit a b c annual report 2011 pdf . sonae . sonae surpasses 40 000 employees jornal de neg cios published on august 26 2010 portuguese euronext psi 20 index di rio econ mico consulted on july 7 2014 portuguese a b sonae s history official website consulted on july 18 2014 portuguese sonae sierra invests on the first shopping in morocco di rio econ mico published on may 20 2014 portuguese paulo azevedo we will be big and international jornal econ mico published on march 21 2011 portuguese belmiro de azevedo resigns as chairman of sonae di rio econ mico published on march 9 2015 portuguese sonae business areas official website consulted on july 7 2014 portuguese a b sonae brands official website consulted on june 14 2014 portuguese zon optimus merger jornal de neg cios consulted on july 12 2014 portuguese claudia azevedo assumes presidency of sonae capital p blico published on march 18 2013 portuguese sonae turismo presentation sonae invests more than 70 million euros in research jornal de neg cios published on may 20 2014 portuguese sonae gives 10.6 million to the community di rio de viseu published on march 17 2014 portuguese sustainability approach official website consulted on july 16 2014 portuguese sonae is one of the world most ethical companies jornal de neg cios published on march 12 2013 portuguese sonae sr wins human capital master universia published on march 27 2014 portuguese promofans wins international recognition marketeer online published on may 19 2014 portuguese jer nimo martins and sonae rise in the largest retailers in the world ranking jornal de neg cios online published on january 12 2015 portuguese sonae brands lead portuguese trust grande consumo online published on march 13 2015 portuguese google sonae e deloitte s o as empresas preferidas dos estudantes portugueses expresso online published on may 25 2015 portuguese sonae scoops two excellence awards european supermarket magazine published on july 6 2015 portuguese rita gon alves november 26 2015 . sonae is the big winner of consumer choice awards in portuguese . hipersuper . retrieved january 22 2016 . external links edit official website sonae companies grouped at opencorporates v t e psi 20 companies of portugal altri banco comercial portugu s banco portugu s de investimento banif ctt correios de portugal energias de portugal edp renov veis galp energia impresa jer nimo martins mota engil nos portucel soporcel pharol redes energ ticas nacionais semapa sonae teixeira duarte retrieved from https en.wikipedia.org w index.php title sonae & oldid 739015829 categories companies of portugalconglomerate companies of portugalcompanies established in 1959maia portugalportuguese brandshidden categories cs1 portuguese language sources pt pages using infobox company with unsupported parametersarticles with haudio microformatsopencorporates groupings navigation menu personal tools not logged 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