Spain’s Iconic Retail Brands: Investing In The Future

Spain's Iconic Retail Brands

Spain’s Iconic Retail Brands

If you were asked to name a Spanish retail sector icon, chances are you would choose fashion giant Inditex.

Thanks to its successful global expansion – including joint ventures with local partners – Inditex has become the world’s largest clothing retailer, outpacing US fashion icon Gap, Inc.

Based in Galicia, north-west Spain, the group’s Zara flagship brand has taken the world by storm with head-turning fashion and spectacular sales growth.

The country’s only listed retailer, is Inditex an acquisition target?

It is certainly not immune to M&A speculation – a merger with Italy’s Benetton Group was rumoured last year – but to date, it remains a one hundred percent home-grown success story.

Other companies building a reputation as ambassadors for Spain’s fashion industry are Mango and the quirky, colourful brand Desigual, both with Barcelona headquarters.

On its website, Desigual describes the secret of its success as Fun&Profit!

Mango has an ambitious growth plan and hopes to equal Zara’s current level of sales, which topped 10.5 billion euros last year compared with Mango’s 1.7 billion,  within ten years.

From its origins as a second-hand clothing stall on London’s Portobello Road, men’s clothing and accessories store Hackett has also become a household name in Spain.

Private investment firm Torreal bought out Hackett’s Spanish branch in 2006, integrating it into the young people’s fashion retail group Pepe Jeans.

Known as “Spain’s Hermes” Loewe is a luxury fashion house founded in 1846. Best known for its iconic leather bags, the store also sells ready-to-wear garments, silk accessories and perfumes.

And luxury is also synonymous with textile and interior design firm Gastón y Daniela, founded in 1876.

EL CORTE INGLES – A ONE-STOP SHOP

Another undisputed Spanish iconic retail brand is El Corte Ingles department store.

Despite limited expansion abroad in Portugal, the group enjoys international recognition because its stores are must-see places for the over 60 million tourists who visit Spain each year.

From its late 19th century origins as a small Madrid-based tailor shop selling suits with “the English cut”, El Corte Ingles is now a distribution powerhouse.

It sells everything from clothing and beauty products to insurance, household goods and sports equipment. It also runs its own travel agency.

For many shoppers the chain’s supermarkets and gourmet food corners are the main attraction due to their wide range of top quality products.

The family-owned business has also expanded its presence in the food sector by investing in opening a chain of hypermarkets and supermarkets throughout the country.

El Cortes Ingles’ supermarket shelves are home to leading Spanish brands like Carbonell olive oil and Conservas Ortiz canned fish. With over a hundred years of experience, its colourful “vintage” design cans and jars containing top quality fish and seafood are truly iconic.

For more information on Spain’s retail sector, contact Argali Abogados.

Leave a Reply