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The global fashion business journal

Nov 16, 20193:22am

El Corte Inglés rearranges its helm: former John Lewis exits the Spanish group

The previous president of the group, Dimas Gimeno, was the one that signed the executive as consultant for this division. Now, Alejandro Salazar-Simpson and María Díaz-Rato will be on the head, next to Marta Álvarez.

Aug 30, 2019 — 8:57am
S.Riera/ D.García
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El Corte Ingles rearranges its helm: former John Lewis exits the Spanish group

 

 

El Corte Inglés boosts its womenswear and its home department. The Spanish department store company has rearranged its helm in this division after the exit of the British executive Jill Little for personal reasons, the company explained Mds.

 

The former president of the group, Dimas Gimeno, signed the executive as a consultant for this division. Little, already retired, came from the department stores group, John Lewis, where she dropped her position as head of strategy in 2010. The executive counted with a long trajectory in this department.

 

With her departure, El Corte Inglés keeps in front of womenswear and the home division its current coordinators, Alejandro Salazar-Simpson and María Díaz-Rato, under the supervision of the president of the company, Marta Álvarez.

 

 

 

 

With the British executive as consultant, El Corte Inglés faced a deep restructuration of its womenswear division, with the cut of some of its brands to simplify the collection in just one called Womans. Last February, Antea, Zendra and Yedra closed with the goal of reaching a younger audience.

 

In the last shareholders meetings, El Corte Inglés aimed to continue the transformation of the womens division. The president of the company stated that the group is working in the launch of new brands for 2020, such as Alik and Another Love.

 

El Corte Inglés started last weekend its new era with Marta Álvarez on the lead. After a year of transition, the company developed the bases for its future. The board of directors began to develop a new strategic plan next to the new president. In the last shareholder meeting, the company stated the bet for its own brands, its digital transformation and the launch of new businesses.

 

El Corte Inglés ended its fiscal year 2018 with a rise of 27.7% in its net benefit, 258.9 million euros. The revenue of the Spanish department stores group grew 1.1% during the last year, up to 15.7 billion euros.

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