One of Portugal’s richest men dies

in News · 30-11-2017 12:44:00 · 0 Comments

Retail magnate Belmiro de Azevedo has died in a Porto hospital.

Considered Portugal’s third wealthiest man by Forbes, he is best known for building a retail empire via his Sonae group, which includes household names such as Continente, Worten and Sportzone. Continente and Modelo were also the first supermarket chains to open in Portugal back in the 1980’s as Portugal started emerging from decades of a dictatorship and moved closer to the rest of Europe.


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