Latest news and stories about business news in Portugal for expats and residents.
The Visabeira Group increased its turnover by 15.3% in 2025, reaching 2.727 billion euros, supported by growth in activity in Europe and the American market. This performance led profits to exceed 100 million euros. The largest revenue growth came from the group's core area, Visabeira Global, ...
Ricoh has appointed a new leadership team to bolster its commercial operations within the Portuguese market.
Francisco Guimarães Neto has stepped down from his leadership position at BlackRock Portugal after only three months and is moving to join Draycott.
Laurence Snoeck has been appointed as the new General Manager for the pharmaceutical company AbbVie in Portugal.
The operation brings together two companies with a complementary presence in the affordable gym segment in Portugal and Spain.
The company highlights his “vast experience and a highly prestigious academic and professional background,” which “constitutes an undoubted asset for Lisnave.”
João Bento, who is stepping down as CEO of CTT, is preparing to take on the role of chairman of the board of directors at Lisnave, effective May 1st. This is the second non-executive role the manager will assume, following the announcement that he will also chair the board of directors of...
Meo CEO Ana Figueiredo states that the 2025 results, a year in which revenues rose by 1.3%, serve as a launchpad for a more agile company that is prepared for the future.
Meo's revenues rose 1.3% in 2025 to 2.811 billion euros, a performance driven by the Consumer and Business Services segments and the energy business, the company announced today.
Impresa, which owns SIC and Expresso, announced this Monday that it has been served in a lawsuit by Tilway Management Inc., a Panamanian-registered company, to challenge the decisions made at the general meeting on March 10th. According to a statement to the market, the meeting addressed decisions that...
Pernod Ricard has appointed Pedro Lobo to lead its operations in Portugal.
Vanda Gonçalves has been named the new Vice President of Kyndryl Portugal, as reported by Imagens de Marca.
Atlas Ocean Voyages has unveiled the suite collection for the Atlas Adventurer, a luxury sailing expedition ship scheduled to enter service in 2028. This marks a new commercial phase for a project originally announced earlier this year by Mário Ferreira's business group. The Atlas Adventurer will have a capacity for 400 passengers.
None of the submitted proposals exceeded the reference value set for the operation (10 million euros), and a second phase is now expected to follow, though the format is not yet known.
The operator Nos is entering the security and defence sector and has already created a company to explore this rapidly growing industry, where Europe, driven by the current geopolitical climate, is investing to strengthen its defence capabilities and gain sovereignty. The group led by Miguel Almeida recently created a company dedicated to this.
A new consulting firm has been launched in Portugal, dedicated exclusively to the supply chain. At a time when the international value chain is under pressure from geopolitical constraints, Conexus has entered the market to support organisations in improving their processes and operational performance. Founded by João Prior and Diogo Carneiro, ...
The board of Ramada Investimentos e Indústria has approved the creation of an executive committee and elected Miguel Ângelo Valente Gonçalves as the company's CEO for the 2026-2028 three-year term, the company announced in a statement to the Portuguese Securities Market Commission (CMVM). The Board of Directors deliberated on the establishment of an Executive Committee, for the...
Gate Gourmet was already a shareholder of Cateringpor and was the only bidder for the purchase. The sale of 51% of the in-flight catering services company was a requirement of the Restructuring Plan. The price was 9.75 million euros.
The Portuguese Advertisers Association (APAN) has elected its governing bodies for the 2026-2029 term. Teresa Burnay of Unilever FIMA takes over as president of the board, with Catarina Barradas (EDP) chairing the general assembly and Gonçalo Nascimento (L’Oréal Portugal) leading the supervisory board. The new leadership takes office during a period of sector transformation, focusing on advertising investment value, trust, and improved measurement transparency. Burnay emphasised the association's role in promoting accountability and sustainability within the advertising ecosystem.
The Portuguese Advertisers Association (APAN) has elected Teresa Burnay, representing Unilever FIMA, as the new president of the association, as part of the election of the new governing bodies for the 2026-2029 triennium. As explained in a statement, the presidency of the general assembly will be held by Catarina Barradas, representing EDP – Energias de Portugal and...
Altri is preparing to change five board members, including the chairman position, where Alberto Castro will be replaced by João Bento, who is leaving his leadership role at CTT. Vítor Bento, president of the Portuguese Banking Association (APB), will lead the remuneration committee. This is the proposal from shareholders Actium Capital (Paulo Fernandes) and Caderno...
Some of the key figures in the economic sector in Portugal
The European food and hygiene group Unilever, which owns brands such as Knorr, Hellmann’s, Skip, and Dove, confirmed this Tuesday, the 31st, that it is in advanced talks with its American counterpart in sauces and spices, McCormick & Company, for a possible merger. “We are working to reach an agreement, possibly today, although it is not yet certain,” the multinational company, which has a presence in Portugal, stated in a press release. In the event of a successful transaction, Unilever plans to invest 13.67 billion euros in shares of the American counterpart, though the merger would exclude the food portfolio in India. The European giant's executives intend to hold 65% of the company resulting from the business combination. Competition authorities approve the acquisition of an ice cream industry company by Unilever.
Almost three years after acquiring Efacec, the point at which it can divest, Mutares sees “clearly visible operational progress,” to the extent that it considers the Portuguese company “a good candidate to be one of the biggest sales” in the fund's history, reports Jornal de Negócios this Tuesday. In an update...
VASP — Distribution and Logistics has announced the new composition of its Board of Directors and Executive Committee, effective from Monday, March 30. Marco Galinha will chair the Board of Directors as a non-executive director of the company, which belongs to the BEL Group (also a shareholder of DN), while Hernâni Fernandes joins the board as a non-executive member. Manuel Aguiar has been appointed CEO, and Bruna Alves joins the Executive Committee. José Pedro Braz Monteiro assumes the role of deputy director. With the restructuring, Rui Moura's request to step down from his administrative duties was accepted. In a statement, the company says the new governance aims to accelerate its operational and strategic transformation, strengthening its adaptability in a changing sector. VASP apologises to the Government for sending incomplete financial data.
The entry of the Italian group MFE into Impresa is starting to become visible in the group's organisational chart. At the end of last week, the group led by Francisco Pedro Balsemão announced that Teresa Gonçalves will be the new Chief Financial Officer (CFO) of Impresa, replacing Paulo Reis, who is stepping down after more than 16 years with the group.
Former EDP administrator Pedro Vasconcelos will become the new executive vice-president of the French company Engie on June 1st, and will take over the leadership of the Renewable & Flex Power division on July 15th. The Portuguese manager will succeed Paulo Almirante, becoming responsible for one of the most relevant areas of the French company, and...
Peak Re, a Hong Kong-based reinsurance company, has hired Victor Kuk, formerly of Swiss Re in Singapore, as Chief Executive Officer (CEO), replacing co-founder Franz-Josef Hahn, who will serve as Special Advisor after leading the company for over a decade. The reinsurer is controlled by Fosun, the largest shareholder.
Real Companhia Velha, a producer of Port and Douro wines, has appointed Diogo Brito e Faro as director of marketing and communications. He will take on the challenge of leading the promotion and institutional communication strategy for the company's brands and products in both national and international markets. The company stated in a press release that it aims to strengthen its position.
