Articles by Jaime Martinez
El Corte Inglés targets "Net Zero" by 2050 with new sustainability plan
Madrid - El Corte Inglés, the Spanish department store group, has launched its new 2025-2030 Sustainability Master Plan, reaffirming its commitment to environmental responsibility. The plan is a comprehensive roadmap aimed at achieving "Net Zero" status by 2050, with a focus on minimizing the company’s environmental impact and reducing...
Business|In Depth FeaturedMemberloading...
Adriana Domínguez re-elected as chair and CEO of Adolfo Domínguez
Madrid – In addition to informing the National Securities Market Commission (CNMV) of the results recorded at the close of the first quarter of 2025, Adolfo Domínguez also reported on the agreements adopted during its latest general shareholders' meeting held this past Wednesday, July 30. Following the meeting, Adriana Domínguez was re-elected...
Peopleloading...
Adolfo Domínguez Q1: Sales dip, losses narrow
Madrid – Spanish fashion company Adolfo Domínguez has reported its results for the first quarter of its current 2025 financial year. This period, covering March to May, saw the Galician fashion group achieve turnover slightly below last year's figures, and once again reported losses. According to the accounts presented by Adolfo Domínguez's...
BusinessMemberloading...
El Corte Inglés reduced its international business by 20 percent and laid off over 900 employees in a year
Madrid - Following multiple confirmations of its positive trajectory and the announcement of its best revenue figures in 14 years for fiscal year 2024, El Corte Inglés has now released its consolidated accounts, providing a comprehensive view of its global business model. This detailed disclosure follows the department store giant's commitment...
Business|In-depth Memberloading...
US-EU Ttade agreement reached, aims for stability amidst uncertainty
Madrid – After months of intensive negotiations, representatives from the United States government and the European Union have successfully concluded a new trade and tariff agreement. European Commission President Ursula von der Leyen hailed the pact, stating it "creates certainty in uncertain times" and offers "stability and predictability for...
Businessloading...
Multiply Group completes acquisition of Tendam, will drive growth using AI as a lever
Multiply Group, an investment holding company based in Abu Dhabi, completed the acquisition of a 67.91 percent stake in Tendam, a Spanish fashion multinational, on 23 July 2025. Tendam owns brands such as Cortefiel, Springfield, and Women’secret. The transaction values Tendam at approximately 1.3 billion euros (5.6 billion UAE dirhams), with...
BusinessMemberloading...
Founder of Inditex acquires 49 percent of British port company PD Ports
Madrid – Amancio Ortega, founder and majority shareholder of Inditex, the owner of Zara, continues to expand and diversify his investment portfolio. He has increased his list of logistics assets with the purchase of 49 percent of the British port company PD Ports. PD Ports is one of the UK’s leading port groups and the statutory body for the...
BusinessMemberloading...
Cristina Alba Ochoa takes the helm at Pronovias Group as CEO
Madrid – Pronovias Group, the Spanish multinational and leading global bridal fashion company, welcomed a new CEO on Monday, 21 July, with the appointment of Cristina Alba Ochoa. Alba Ochoa replaces Marc Calabia, who has stepped down from his responsibilities and left the company he had been leading since 1 September 2023. Commenting on her new...
Peopleloading...
El Corte Inglés completes 500 million euro debt issuance
Madrid – El Corte Inglés, the Spanish department store group, has successfully completed a debt issuance totalling 500 million euros. The placement was executed through a bond issue with an interest rate of 3.5 percent and a maturity date in July 2033. According to details provided by the Spanish company's management, the transaction received...
BusinessMemberloading...
Mango reports strong H1, aims to make US one of top three markets by 2026
Madrid – Spanish fashion multinational Mango has just reported its sales figures for the first half of its current 2025 financial year, showcasing significant double-digit growth. According to the information provided by Mango's management, the Spanish company closed the first half of its 2025 financial year generating total sales of 1.73...
BusinessFeaturedMemberloading...