Portuguese retailer Jeronimo Martins, which hasn't made a significant acquisition in nearly two decades, may now need to adopt a more assertive approach to achieve a 50% sales boost within the next five years. Following Chairman Pedro Soares dos Santos' announcement in March of a revenue target of €50 billion (approximately $58 billion) by 2029 or 2030, the matter has sparked intense internal debates. Chief Financial Officer Ana Luiza Virginia noted that the chairman has established this as the group's aspiration and believes that mergers and acquisitions (M&A) will likely be necessary to reach this ambitious goal.