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El Corte Ingles

Plaça de Catalunya, 14 08002, Barcelona

Localidad: Barcelona Property For Sale
Región: Barcelona Catalonia

Categoría: Grandes almacenes

Número de teléfono: 00 34 93 306 38 00

Email: .

Website: http://www.elcorteingles.es

Información general sobre la compañía:

El Corte Inglés takes its name from a small tailor's shop founded in 1890 and located between Madrid's Preciados, Carmen and Rompelanzas Streets. In 1935, Mr. Ramón Areces Rodríguez, backed by his uncle César Rodríguez, bought the tailor's shop, and this was the start of his entrepreneurial adventure. After the Spanish Civil War, in 1939, he also acquired a property in Madrid's Preciados Street, number 3, converting the ground and first floors and part of the second floor into sales areas. In June 1940, when the business had seven employees in all, Ramón Areces set up the El Corte Inglés company, with his uncle César Rodríguez as shareholder and first chairman of the company.

La primera tienda El Corte Inglés Between the years 1945 and 1946 the first comprehensive refurbishment of the premises was undertaken, bringing the total sales area up to 2,000 square metres, spread over five floors. This was the beginning of the definitive sales structure by departments typical of a department store. Between 1953 and 1955 the adjacent building at number 5 Preciados was incorporated, effectively doubling the sales area. As time went by a number of extensions and alterations were carried out in order to project a modern image appropriate to the demands and needs of society.

The sixties were key years for the expansion of El Corte Inglés as a department store, with new centres opening in Barcelona, Seville and Bilbao, as well as Madrid, where the number of branches steadily increased, while at the same time the existing ones consolidated with a growing range of products.

From the late 1960s to the mid-1990s, the group experienced major growth, marked by expansion to other provincial capitals and by the diversification of its sales activity, which began to branch out into other lines of business. Thus in 1969 Viajes El Corte Inglés (Travel Agency) was established, ten years later Hipercor was set up, and in 1982 El Corte Inglés acquired the insurance company Centro de Seguros. The decade of the eighties was an intense period that ended with the death of Ramón Areces on 30 July 1989. Over many of the past years, the chairman had been preparing his successor, Isidoro Álvarez, who since 1966 had held the position of managing director.

By the time Isidoro Álvarez took over the as chairman of El Corte Inglés on 2 August 1989, he knew the business inside out. In 1989, two new companies were set up and started to operate in the insurance branch: On the one hand, Seguros El Corte Inglés, Vida, Pensiones y Reaseguros, and on the other, Seguros El Corte Inglés, Ramos Generales y Reaseguros, S.A. This period of sustained growth culminated in 1995 with the achievement of a major milestone: the acquisition of the properties of Galerías Preciados, the incorporation of 5,200 employees into the workforce and major investments to adapt the acquired assets to the commercial policy and business culture of the group.

In July 1997 El Corte Inglés signed a letter of intent for the merger of its subsidiary The Harris Company (acquired in 1981) with the U.S. chain Gottschalks Inc. The final operation was executed at the end of that year. On 29 June 2001 the company Hipercor acquired five hypermarkets from Carrefour, together with the corresponding shopping centres. All these assets were included in the divestment plan imposed by the government following the merger of Pryca and Continente. The five hypermarkets are located in Burgos, Valladolid, Aviles, Seville and Malaga. On Monday 2 July of that same year all these hypermarkets were opened under the name Hipercor.
El Corte Inglés, Elche That same year also saw other important milestones in the group. On 23 November, El Corte Inglés opened doors of its first department store outside Spain, in Lisbon, Portugal. The store is located in the upper Edward VII Park area, at the junction of Avenida António Augusto de Aguiar, Avenida de Sidonio Paris and Rua de Marquês de Fronteira, one of the Portuguese capital's main shopping areas.

Just a few days later, in December 2001, El Corte Inglés acquired Marks & Spencer's nine stores following the U.K. group's decision to withdraw from Spain. On 18 December these outlets opened to the public, in Madrid, Barcelona, Bilbao, Seville and Valencia.

On 2 December 2004, El Corte Inglés extended its offering in Asturias with the reopening of the seven Champion supermarkets acquired from Carrefour. The stores operate under the trade name Supercor. Another milestone in the group's history was the acquisition in December 2006 of Asón Inmobiliaria, the company that owned, among other assets, the land on which Madrid's Windsor building (destroyed by fire almost two years previously) had stood and 20% of the Torre Picasso building, also in Madrid. A few months later, in July 2007, the company sold its stake in the latter building to FCC, while at the same time moving forward with plans to convert the Windsor site into a building that would house one of Europe's biggest and most modern shopping centres.