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.

In a unanimous decision, the board of Spanish department store has named Cristina Álvarez as the non-executive chairwoman of El Corte Inglés, effective January 15th, 2026, as Marta Álvarez continues her involvement with the group.

El Corte Inglés Sees Valuation Surge to $14 Billion, Marking Decade Peak

The Spanish department store has hit a key milestone as Sheikh Hamad bin Jassim bin Jaber Al Thani, holding a 5.53% stake, has adjusted his shares’ value upward, nearing a remarkable €775 million.

El Corte Inglés Revamps Leadership Following Bottazzini’s Unexpected Departure

As the board prepares to meet today, all eyes are on Bottazzini’s future with the Spanish company. Appointed as CEO just over a year ago, Bottazzini first came on board as a personal consultant to Marta Álvarez, the chairwoman.

El Corte Inglés earns 6.7% in 2024 and grows 2% to exceed 16.6 billion euros

The Spanish department store group chaired by Marta Álvarez closes its first fiscal year under the management of new CEO Gastón Bottazzini with a net income of €512 million ($588.6 million) and reducing its indebtedness by €263 million ($302 million).

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.

Passing of the torch at El Corte Inglés: CEO comes out

The executive has been a key figure and replacement of the department store group, where in the last year he has served as CEO.

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In the midst of an internal war between shareholders, the Spanish group is now considering a move that would subject it to the short-term demands of investors while it faces a major long-term strategic transformation.

El Corte Inglés partners with Almacenes Siman to enter Central America with Sfera

The Spanish giant has signed an agreement up with the Salvadoran company of department stores, partner also of Inditex in Central America, to start operating in Costa Rica, El Salvador and Guatemala.

The executive will lead the women’s fashion and lingerie divisions, with special emphasis on own brands.

The department stores company will integrate this tool as a new payment option in all of its stores, in order to get closer to the eight hundred million users of the Chinese application.

The department store group has reduced its debt by 253 million euros (278.8 million dollars) in the first half of the year.

In the frame of the ITMF 2019 conference in Oporto, Portugal, the company talked about the plans of the group to tackle sustainability.

The Japanese company currently operates with three stores in Spain: two in Barcelona and one in Madrid, to which a third will soon be added in the Spanish city.

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.

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.

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.

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

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.

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

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.

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

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.

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.

Mercedes Gorriti, who took over the manager position in womenswear in 2015, was part of Spanish childrenswear brand Gocco’s founder team and was assistant manager in the retail section in Continente before signing up with the department store’s group.

El Corte Inglés shelves one of the most challenging years of its history. Caught in the middle of an internal battle, the group has refinanced a debt of 3.65 billion, has carried out its first issuance of bonds and has let foreign investors take a stake in the company.

The Spanish group of department stores and the Chinese e-commerce giant Alibaba have signed a partnership that addresses from trade agreements to technologic ones in order to speed up digitalisation.

The Spanish group of department stores will create a purchasing central that will be in charge of managing the hiring of telephonic services, electricity, gas, transport, security, cleaning services or maintenance.

The Spanish group of department stores has reduced its debt in 347 million euros during the first half of the year, situating it at 3.65 billion euros at the end of that period (between March and August).

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