Spain: Carrefour to acquire 47 stores from El Corte Ingles
Carrefour, the leading French supermarket chain, has announced it has entered into an agreement with Spanish peer El Corte Ingles to acquire 47 stores under the SuperCor banner. The stores involved in the transaction are located mainly in the Madrid, Catalonia, Andalucia and Comunidad Valenciana regions, and have an enterprise value of €60 million ($62.1 […]
Spain: El Corte Ingles plans to merge with Hipercor
Spanish department store El Corte Ingles is planning to join its department stores with Hipercor hypermarkets with the aim of reorganizing its commercial offer and achieving synergies. The merger, that according to sources is at an advanced stage, aims to reduce costs by reorganising spaces and by sharing, for instance, distribution centres. Although they share spaces, […]
Portugal: El Corte Ingles invests in one hour delivery service
Spanish supermarket chain El Corte Ingles has introduced a new service that delivers online orders within the space of just one hour, according to a report in HiperSuper. According to the trade journal, the new service, called Click & Now, was introduced on 7th November and enables customers to choose from a selection of 20,000 […]
Spain: El Corte Ingles and Tesco in product exchange initative
Retail giants El Corte Ingles and Tesco have embarked on an initiative that will see iconic UK products from the Tesco brand range go on sale in El Corte Ingles stores in Spain, with El Corte Ingles products travelling in the opposite direction, according to reports in European Supermarket Magazine. El Corte Ingles products are […]
Spain: El Corte Ingles mulls international expansion – reports
El Corte Ingles, the leading Spanish grocery and department store, is planning to expand internationally with locations potentially in Mexico, Italy and Peru, according to a report in El Confidencial Digital (ECD). Currently present only in Spain and Portugal, the retailer is now said to be seeking new avenues for growth, backed by investment from […]