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The global fashion business journal

Jan 24, 20208:37am

El Corte Inglés

El Corte Inglés


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 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 30, 2019 — 8:57am
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.

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.

h By S. Riera / J. Cumellas
Jun 25, 2019 — 9:45am

The German footwear company reinforces its presence in Spain with the upcoming opening of a temporary point of sale in El Corte Inglés in Las Palmas de Gran Canaria.