Group profile

The Value of Time Group offers unique, exceptional experiences in a hymn to Portugal, remaining insatiably curious and disrupting conventional logic.

We consider courage to be the real starter for any good idea and this has been our great compass on a journey that has taken more than two decades. We started with the Bread Museum and since then we have been demonstrating, in each project, that it is worth daring to think differently, keeping our identity and our heritage intact. We are proud of Portugal, we admire our history as a people, and we very much wish to contribute to affirming our country as a benchmark in the world.  We do that by adding courage to creativity, and daring to innovation, all qualities that historically define us so well as a people.

Origins

Honouring history has been the purpose of O Valor do Tempo Group from its very beginning.

We believe that the origins of something hold a magic that cannot be beaten or copied by any automatic process and is the real source of value; in each of our brands, going back to the origins – ironically, so simple, and obvious – is the great revelation of our success.

The passion for Portugal is crystallised in the appreciation of its cultural and gastronomic heritage, transforming precious gems of Portuguese history into iconic experiences that are dignified and honoured in carefully prepared spaces full of history and magic – this appreciation is essential and common to all the Valor do Tempo Group brands.

Authenticity

Our roots in Serra da Estrela, made us what we are today.  We believe and defend that the nature of what is real and genuine is timeless and far-reaching and that is why authenticity is at the heart of our approach to the economy and is inevitable as part of our business model.

Legitimizing that belief, The supply of certified Queijo da Serra PDO (Serra mountain cheese) to Casa Portuguesa do Pastel de Bacalhau through the Group’s own shepherds, or working with independent shepherds in the region, delivers the sustainable supply of a strategic product, ensuring food safety and availability while highlighting and recognizing the important work of those who are at the origin of the process, elevating and promoting the continuity of shepherding as an occupation.

At O Valor do Tempo Group, authenticity is a choice, not a consequence.

Vertical Integration

Preserving natural resources, guaranteeing the continuity of ancestral professions and methods, and promoting origin and authenticity, are the values that distinguish us and consolidate our strategy of differentiation and added value. This is only possible with a model based on the ability to create and control the origin of the process, allowing us to present our brands in an original way. Vertical integration makes room for a new business model, in a firm commitment to society, culture and history, revealed to the world in 15 brands spread across 13 cities in the country in more than 40 spaces.

A new model of social economy

Innovation is not always about technology. Our respect for the human dimension and a mission focused on democratizing access to culture, combining it with the economy in clear mutual benefit, allow us to give primacy to people and History, two of the main pillars of our organization.

In the 1970s, the world began the process of depleting natural resources, surpassing the capacity of ecosystems to regenerate. Promoting the move away from the linear economy is not just a matter of environmental sustainability for O Valor do Tempo Group; it is also a matter of economic and social sustainability.

Comur is a clear example of this. Founded in 1942, it followed the height of the Portuguese Canning Industry during World War II and went into decline decades later, like hundreds of other factories in the sector in Portugal, falling into the trap of undifferentiation and a low-price policy. In 2015, by joining the O Valor do Tempo Group, it became a revitalized brand, with a simple and no secrets strategy, of valuing canned preserves that tell the History of Portugal and go beyond the limits of our national territory, making its history economically viable, when the end seemed destined. It was thus possible to secure the work of more than 100 women from a small local community, Murtosa, whose families depended on their income.

It was also this new model of social economy that took us back to our origins, in Serra da Estrela Mountain. The Bordaleira da Serra da Estrela sheep, the main dairy sheep breed in Portugal, produce milk of exceptional quality from which the wisdom of the mountain people has created an unparalleled cheese. The current low number of Bordaleiras sheep is a consequence of the abandonment of the profession due to lack of support, the inertia of the sector and the undervaluation of the productive potential of this sheep breed. We wanted to promote an evolution based on the circular economy: In 2015, the creation of the concept Casa Portuguesa do Pastel de Bacalhau promoted the incorporation of Serra da Estrela PDO Cheese into the Codfish Cake, absorbing today a considerable part of all cheese production in its stores, assuring the remuneration of those who make possible the continuity of a cheese with 1300 years of history and with Protected Designation of Origin.

In 2021, The Value of Time Group reinforced its line of action to support the shepherds of Serra da Estrela Mountain with the annual total purchase of wool from the universe of 20,000 sheep of the Bordaleira breed, valuing it so that it was no longer a burden, result of the inevitable cost of shearing, becoming an additional source of income for shepherds, due to the valorization of wool.

The development of an ecologically efficient product based on a perpetual cycle is guaranteed through a continuous process of absorbing raw material hitherto little explored, promoting a reorganized economic model, coordinating production and consumption systems, in favor of valuing the local economy and sustainability.

Awards and Distinctions

The recognition we receive from external independent entities encourage us to continuously improve our products and services and reinforce our belief in the permanent commitment to people.

  • Five Star Award, awarded to the Bread Museum, in 2024.

  • Distinction in the Emotional Reputation study of brands in Portugal – Repscore, in the top 5 of the most relevant brands in the Retail category, awarded to the Fantastic World of the Portuguese Sardine, in 2024.
 
  • Merit award by UACS – Union of Commerce and Services Association to António Quaresma, in 2023.
 
  • Innovative Media Project Award, awarded by the Portuguese Press Association to Mensagem de Lisboa, in 2023.
 
  • Establishment with History Prize, awarded by AHRESP – Associação de Hotelaria, Restauração e Somilares de Portugal to Brasileira do Chiado, in 2023.
 
  • Media of the Year Award, awarded by Sapo to Mensagem de Lisboa, in 2023.

  • Creative Brand awarded by TNews to The Fantastic World of the Portuguese Sardine, in 2023.
 
  • Hospitality Prize, awarded by Euroshop Retail Awards to Casa Portuguesa do Pastel de Bacalhau in Vila Nova de Gaia, in 2023
 
  • Media Innovation Awards, Obi.Media Media Innovation Observatory and ICNOVA FCSH – Institute of Communication of NOVA, in the categories of Collaborative Journalism, with the project journalism in Creole, Proximity Journalism and Journalistic Product/Project awarded to the Mensagem de Lisboa, in 2023
 
  • Distinction in the Emotional Reputation study of brands in Portugal – Repscore, as the most relevant brand in the Retail category to the Fantastic World of the Portuguese Sardine, in 2023
 
  • Distinction in the Emotional Reputation study of brands in Portugal – Repscore, as one in the top 5 of the most relevant brands in the Arts and Culture category, to the Bread Museum, in 2023
 
  • Meios e Publicidade Award, awarded to Will, for the show window of Joalharia do Carmo, in 2022
 
  • Highly Commended Award, awarded by Creative Retail Awards to Joalharia do Carmo, in 2022
 
  • Judges’ Choice Award, awarded by Creative Retail Awards to Comur, Coimbra, in 2022
 
  • Travel & Hospitality Awards, awarded to the Beer Museum and Casa Portuguesa do Pastel de Bacalhau, in 2022
 
  • Papies Award in the Design category, awarded to the Sardine Roe box, in 2022
 
  • AHRESP Awards Career Prize, a distinction awarded to António Quaresma, President of the Value of Time Group, in 2022
 
  • Distinction in the study of Repscore as the brand with the highest growth in the first half of 2022, in the Arts and Culture category, to the Bread Museum, in 2022
 
  • Five Star Regions Award, awarded to Confeitaria Peixinho, in 2020
 
  • Five Star Award, awarded to the Bread Museum, in 2019
 
  • Distinction in the Ebeltoft – Global Brands and Retail Experts guide to The Fantastic World of the Portuguese Sardine in 2019
 
  • Medal of Tourism Merit awarded by Turismo da Madeira to António Quaresma, President of The Value of Time Group, in 2018
 
  • AHRESP Concept-Brand Award to The Fantastic World of the Portuguese Sardine, in 2017
 
  • New Concepts Award by Mercúrio Prize – The best in commerce and services, to The Fantastic World of the Portuguese Sardine, in 2017
 
  • Personality of the Year Award by Mercúrio Awards – The best in commerce and services, to António Quaresma, President of The Value of Time Group, in 2017
 
  • Silver Medal of Tourism Merit awarded by Turismo de Portugal to A Brasileira do Chiado, in 2006
 
  • Medal of tourist merit awarded by the Secretary of State for Tourism to A Brasileira do Chiado, in 2006
 
  • AHRESP Medal of Merit awarded to the Bread Museum, in 2005
 
  • AHRESP distinction to the Bread Museum Restaurant, in 2005

Historical Landmarks

  • 1996

    Gathering of the collection on the subject of Portuguese Bread begins through the purchase of documents and objects from antiques dealers, second-hand books dealers, auctions, and donations.
  • 2002

    Opening on 26 September of the Museu do Pão (Bread Museum) in Seia, Serra da Estrela, one of the largest museums in Portugal and the largest complex dedicated to the subject anywhere in the world.

  • 2003

    First event catered by the Bread Museum: grand opening of Estádio da Luz, on 25 October.
  • 2007

    Silva & Feijóo, a grocer specializing in traditional Portuguese items established at Rua dos Bacalhoeiros in 1919, joins O Valor do Tempo Group on 12 November.

  • 2012

    On 20 March, Museu do Pão (the Bread Museum) reaches the one million visitor mark before reaching its tenth anniversary.

     

    Opening of Museu da Cerveja (the Beer Museum), in Terreiro do Paço, Lisbon, on 10 June, a venue serving food and drink that presents the history of beer in a tour through more than 100 Portuguese craft beers, with the largest outdoor eating and drinking area in the country.

  • 2014

    Silva & Feijóo opens a new store on Rua de S. Nicolau in Lisbon on 4 May. 

  • 2015

    Opening of Casa Portuguesa do Pastel de Bacalhau on Rua Augusta, Lisbon on 4 May.


    Comur – Fábrica de Conservas da Murtosa (Murtosa Cannery), established on 7 November 1942, joins O Valor do Tempo Group on 30 September.

  • 2016

    Opening of Fábrica das Enguias (Eel Factory) on Rua da Prata on 15 March.

     

    Opening of Casa Portuguesa do Pastel de Bacalhau, next to Torre dos Clérigos, Porto on 2 April.

     

    Opening of O Mundo Fantástico da Sardinha Portuguesa, Rossio, in Lisbon on 3 November.

  • 2017

    Casa Oriental in Porto is refurbished under the Comur concept and joins O Valor do Tempo Group on 20 January.

     

    Opening of O Mundo Fantástico da Sardinha Portuguesa at Lisbon Airport on 27 April.

     

    Opening of Comur store on Rua da Prata, Lisbon on 18 December.

  • 2018

    Opening of the first Comur store at St George's Castle, Lisbon on 19 April.

     

    Confeitaria Peixinho, established in Aveiro in 1856, joins O Valor do Tempo Group on 22 February. The store is refurbished into a boutique shop, the original recipe for Ovos Moles from Aveiro is kept, and the store reopens to the public on 8 August.

     

    Opening of Comur in Faro on 7 July. In Évora on 4 August. In Aveiro on 6 October. In Coimbra on 10 August. On Rua dos Bacalhoeiros in Lisbon on 16 October. At LX Factory, Lisbon on 27 November.

  • 2019

    Casa Pereira da Conceição (established in 1933) on Rua Augusta, Lisbon, joins O Valor do Tempo Group on 8 January and reopens to the public on 10 January.

     

    Opening of Comur at Porto Airport on 9 February. At Chiado, Lisbon on 26 March. In Ponta Delgada on 30 March. In Óbidos on 25 April. A second store at St  George´s Castle, Lisbon on 11 May. In Funchal on 8 July.

     

    Opening of O Mundo Fantástico da Sardinha Portuguesa in Lóios, Porto on 1 March. In Cascais on 26 May. In Braga on 25 August. In Sintra on 23 November.

     

    Opening of Casa Portuguesa do Pastel de Bacalhau at St  George's Castle in Lisbon on 11 May and in Gaia on 23 December.

  • 2020

    A Brasileira do Chiado, one of Lisbon's oldest, most iconic cafés established in 1905, joins O Valor do Tempo Group on 2 March.


    Opening of Casa Portuguesa do Pastel de Bacalhau next to Santa Justa Lift at Chiado, Lisbon on 13 July.


    Quinta da Lagoa in Nelas, with its herd of 700 "bordaleira" breed sheep and in-house production of Serra da Estrela DOP Cheese, joins O Valor do Tempo Group on 16 September.

  • 2021

    Launch of the digital journalism project« A Mensagem de Lisboa », with emotional headquarters at A Brasileira do Chiado, on 22 February.


    Opening of Casa Portuguesa do Pastel de Bacalhau in Cascais and Aveiro, on 5 april.


    Opening of Hästens Sleep Spa – CBR Boutique Hotel, on 25 May.


    Opening of Casa Portuguesa do Pastel de Bacalhau, in Cais do Sodré, in Lisbon, on 31 July.


    Joalharia do Carmo, founded in 14th january 1924, in Lisboa, joins Grupo O Valor do Tempo on 1 July, reopening on 2 August.


    Opening of Barcelos Figurines – Grupo O Valor do Tempo, in Lisbon, on 19 august.


    Opening of Queijadas Finas de Sintra – Eugénia de Jesus, in Lisbon, on 1 October.


    Opening of Confeitaria Peixinho, in Lisbon Airport, on 30 October.

  • 2022

    Opening of Fábrica de Sonhos (Dreams Factory) – Training Centre, in Cascais, on 9 February.

     

    Opening of Casa Portuguesa do Pastel de Bacalhau, in LX Factory, in Lisbon, on 7 April.

     

    Opening of The Fantastic World of the Portuguese Sardine, in Vila Nova de Gaia, on 9 September.

     

    Opening of Casa Portuguesa do Pastel de Bacalhau, in Óbidos, on 17 December.

  • 2023

    Opening of Joalharia do Carmo, in Óbidos, on 2 March.

     

    Opening of Joalharia do Carmo, in Ponta Delgada, on 15 March.

     

    Opening of The Fantastic World of the Portuguese Sardine, in Times Square, NYC, on 18 August.

     

    Opening of The Fantastic World of the Portuguese Sardine, in Sintra, on 7 December.

     

    Opening of Serra da Estrela Sheep Interpretive Center, in Santa Marinha, Seia, on 8 December.

  • 2024

    Opening of The Fantastic World of the Portuguese Sardine, in Cais do Sodré, Lisbon, on 14 February.

     

    Opening of Joalharia do Carmo, in Braga, on 26 March.

     

    Opening of Joalharia do Carmo, in Rua da Prata, Lisboa, on 21 April.