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The global fashion business journal

Dec 4, 20202:26am

El Corte Inglés

El Corte Inglés

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The Spanish department store group was founded as a tailor shop in the street Preciados in the Spanish capital. Ramón Areces Rodríguez buys the shop and transformed it into a retail empire. Isidoro Álvarez was the president of the company that relieved the initial owner and with him the group expanded in its local territory and expanded also internationally, starting with Portugal.

h By PILAR RIAÑO / IRIA P. GESTAL
Feb 3, 2020 — 9:00am
Sustainability to the P&L: eco in fashion

Although done at a slow pace, the Spanish fashion business incorporates methods to connect sustainability with its performance.

h By Mds
Sep 26, 2019 — 9:00am
Panameninan group Félix Maduro takes Sfera to the country

Sfera, the fashion chain of the department store giant El Corte Inglés, will open four stores next November. For next year, the goal of the group is also to take its children’s chain to the country.

h By Mds
Sep 3, 2019 — 5:54pm
El Corte Inglés: Fitch increases its rating to BB+ because of its business strategy

The qualification agency gave a good valuation to the business strategy of the Spanish department stores giant, the reduction of its debt, the financial flexibility and the operational of real states business.

h By S.Riera/ D.García
Aug 27, 2019 — 8:56am

The group presents a strategic plan to recover the time loss after putting an end to an internal fight and controlling its debts.

h By Mds
Aug 26, 2019 — 4:00pm

The new president of the Spanish department stores giant, Marta Álvarez, presented the roadmap that defines the new strategic politics of the company to boost its growth.

h By Mds
Aug 5, 2019 — 4:00pm

The Spanish giant of department stores sealed an alliance with the Chinese marketplace to distribute Tizas, Brotes and Cotton Juice.

h By Mds
Aug 1, 2019 — 4:12pm

The Spanish department store giant has as a goal to potentiate sustainability for 2023, so 50% of the cotton used by the group belongs to the BCI program.

h By Mds
Jul 25, 2019 — 4:00pm

International sales of the Spanish giant grew 6.7% in 2018. Foreign sales are already 5.4% of the group’s total revenue.

h By Mds
Jul 10, 2019 — 5:17pm

Marta Álvarez, daughter of late president Isidoro Álvarez, has taken the helm at the Spanish giant. Together with her sister, Cristina, she’s also the main shareholder of the group.

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