ingl s s.a. type sociedad an nima industry retail founded madrid spain june 28 1940 1940 06 28 founder ram n areces c sar rodr guez gonz lez empresario headquarters madrid spain number of locations europe & africa area served spain portugal key people dimas gimeno ceo isidoro alvarez products clothing footwear accessories bedding furniture jewelry beauty products and housewares revenue 14.59 billion 2014 net income 118.08 million 2014 number of employees 93 300 2013 subsidiaries hipercor bricor supercor opencor viajes el corte ingl s inform tica el corte ingl s website www.elcorteingles.co.uk www.elcorteingles.eu shop uk en corporate head office el corte ingl s s.a. headquartered in madrid 1 is the biggest department store group in europe and ranks fourth worldwide . 2 el corte ingl s is spain s only remaining department store chain as well as owner of several associated businesses such as hipercor hypermarkets supercor supermarkets repsol opencor petrol station convenience store sfera fashion chain optica 2000 vision and hearing bricor home and diy chain viajes el corte ingl s travel agency tecnolog as de la informaci n y comunicaciones centro de seguros y servicios cess seguros el corte ingl s life pension and reinsurance financiera el corte ingl s contents 1 history 2 flagship store 3 2011 results 4 issues 4.1 building collapse at savar 5 references 6 external links history edit in 1934 the founders ram n areces rodriguez and cesar rodriguez gonzalez bought a tailor shop which had opened in 1890 located on one of madrid s most central streets calle preciados and made it into a limited company . at 15 mr. areces had migrated to havana cuba and worked at the famous retail chain almacenes el encanto where he learned the basics of department store business . in 1940 he turned the shop into the current corporation el corte ingl s s.a. . on the death of areces in 1989 his nephews isidoro lvarez who later became the president luis areces rodriguez and david gonzalez fernandez were named his successors and quickly became some of the most powerful men in spain . in 1995 el corte ingl s bought out its only serious competitor galer as preciados which had entered bankruptcy . 3 stores tend to be very large in size and offer a wide range of products stores may sell music movies portable and household electronics furniture hardware books clothes groceries gourmet food cars and real estate . international expansion began in 2001 in portugal with a store in lisbon followed in 2006 with a store in vila nova de gaia opposite the city of porto and a third store is planned . in that same year of 2006 just as it opened its second store outside of spain in vila nova de gaia the company announced expansion outside the iberian peninsula italy was to be the first country to host a store but owing to the ongoing eurozone crisis the plan was suspended as well as the opening of the third store in portugal . 4 in 2009 david gonzalez fernandez one of cesar rodriguez s descendants sold his 9 % of stake to the company right after the areces fuentes brothers sold their 3 % . 5 in october 2013 the firm sold a 51 % stake in the financing department to spanish banking group grupo santander for around 140 million . 6 flagship store edit el corte ingl s flagship store is located in madrid at 79 calle raimundo fern ndez villaverde . the complex encompasses several buildings and carries the most comprehensive collection of designers of any large store in spain . designer boutiques in this store include herm s louis vuitton cartier armani armani jeans armani collezioni gucci loewe dockers ralph lauren bulgari dior dior homme georges rech versace hugo boss boss woman ermenegildo zegna tommy hilfiger dolce & gabbana burberry men women fa onnable pal zileri paul & shark lacoste pavillon christofle ch by carolina herrera escada sport james purdey and sons lloyd s purificaci n garcia calvin klein caroll paris amitie episode store brands emidio tucci dustin and many others . also included is a branch of the madrid based aldeo jewelers carrying such jewellery designers as boucheron blancpain and hamilton . 2011 results edit for the fiscal year of 2011 group revenue went down by 3.9 % to 15.8 billion . net profit was down 34.3 % to 209.99 million . 7 issues edit building collapse at savar edit main article 2013 savar building collapse on 24 april 2013 the eight story rana plaza commercial building collapsed in savar a sub district near dhaka the capital of bangladesh . at least 1 127 people died and over 2 438 were injured . 8 the factory housed a number of separate garment factories employing around 5 000 people several shops and a bank 9 and manufactured apparel for brands including the benetton group joe fresh 10 the children s place primark monsoon and dressbarn . 11 12 of the 29 brands identified as having sourced products from the rana plaza factories only 9 attended meetings held in november 2013 to agree a proposal on compensation to the victims . several companies refused to sign including walmart carrefour bonmarch mango auchan and kik . the agreement was signed by primark loblaw bonmarche and el corte ingl s. 13 references edit home . el corte ingl s corporate . retrieved on december 17 2010 . el corte ingl s s.a. hermosilla 112 . 28009 madrid . dgap media jaxx subsidiary serviapuestas signs exclusive deal with europe s largest retail group el corte ingl s http elpais.com diario 1989 08 02 economia 618012006 850215.html https www.elcorteingles.es informacioncorporativa elcorteinglescorporativo portal.do idm 160 & nm 3 http m.europapress.es nacional noticia economia legal cesar areces estudia demandar corte ingles pagar 30 mas otro heredero acciones 20091210171959.html carlos ruano 8 october 2013 . spain s santander to buy 51 percent of el corte ingl s finance arm . reuters . datos econ micos el corte ingl s spanish ahmed saeed ; lakhani leone 14 june 2013 bangladesh building collapse an end to recovery efforts a promise of a new start cnn retrieved 16 december 2013 zain al mahmood syed 24 april 2013 . matalan supplier among manufacturers in bangladesh building collapse . the guardian . london . retrieved 21 october 2013 . extreme pricing at what cost retailer joe fresh sends reps to bangladesh as death toll rises forbes nelson dean 24 april 2013 . bangladesh building collapse kills at least 82 in dhaka . the daily telegraph . london . retrieved 24 april 2013 . alam julhas 24 april 2013 . at least 87 dead in bangladesh building collapse . usa today . retrieved 24 april 2013 . ovi ibrahim hossain 2013 buyers compensation for rana plaza victims far from reality retrieved 16 december 2013 external links edit wikimedia commons has media related to el corte ingl s. official website spain spanish official website europe official website portugal portuguese corporate website spanish inform tica el corte ingl s consulting & it services spanish el corte ingl s history spanish v t e european retail round table members asda c & a carrefour delhaize group el corte ingl s h & m ikea inditex jer nimo martins kingfisher marks & spencer mercadona metro ag ahold tesco retrieved from https en.wikipedia.org w index.php title el corte ingl s & oldid 731035262 categories retail companies established in 1940companies based in madriddepartment stores of spainprivately held companies of spainspanish brandsspanish language websites1940 establishments in spainhidden categories articles with spanish language external linkscommons category with local link same as on wikidataarticles with portuguese language external links navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload 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