What is the history of Sonae?
Sonae, SGPS, S.A. was founded in 1959 by UserModelo and Francisco Azevedo Coutinho in Portugal, initially starting as a modest wood-processing and manufacturing enterprise before evolving into one of the country's largest multinational conglomerates. During the late 20th century, under the visionary leadership of Belmiro de Azevedo, Sonae revolutionized Portuguese retail by introducing the country's first hypermarket chain, Continente. Over subsequent decades, the group diversified its business operations aggressively into shopping center development, telecommunications, technology, and financial services, establishing a powerful international commercial footprint.
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