El Corte Inglés
El Corte Inglés is Spain’s department-store group, selling fashion, beauty, food, home and electronics through 72 department stores, hypermarkets, supermarkets and online, alongside a large travel agency and insurance and finance joint ventures.
A foundation is its largest shareholder.
Fundación Ramón Areces owns 40% of the company, ahead of the Álvarez family’s Cartera de Valores IASA with 18.4%.
How big is El Corte Inglés?
Fashion and beauty lead; travel adds 14%.
- Fashion and beauty39%€5.88B
- Food and restaurants20%€3.06B
- Home and electronics18%€2.78B
- Travel14%€2.12B
- Other8%
One store for everything, plus services.
- 1Large city-centre department stores
- 2Fashion, food, home, electronics
- 3Travel, insurance, store credit
Its store property is appraised so high that net debt is only 10.5% of its value, giving a strong balance sheet for a retailer.
- Fundación Ramón Areces40.04%
- Cartera de Valores IASA, S.L. (Álvarez family)18.4%
CEO: Javier Catena Gordo
- 1935Ramón Areces buys the El Corte Inglés tailor shop
- 1940El Corte Inglés company founded
- 1962Expansion beyond Madrid
- 1969Viajes El Corte Inglés founded
- 1979Hipercor hypermarkets created
Every number on this page comes from El Corte Inglés's own reports.
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