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Cortefiel is the largest company in the Group, accounting for 38% of total sales. The company dates back to 1880, although the group’s first brand, Cortefiel, was created in 1946. Since then, it has consolidated its position selling clothing based on quality, elegance and practicality.
Its collections for both men and women are renewed once a fortnight in its 226 Spanish shops and 64 abroad. Its biggest foreign market is Portugal where it has 30 shops. Cortefiel has a workforce of 2,305 worldwide. It has plans for an ambitious store plan in Eastern Europe, the Middle East and Asia. Cortefiel notched up turnover of €426 mill. in 2007, 38% of total group sales.
Anselm van den Auwelant is the general manager of one of the most powerful and influential groups on the Spanish textiles scene. Cortefiel is the third largest company of its type in Europe, ranking behind Swedish group H&M and Inditex. The group – with its five brands Cortefiel, Pedro del Hierro, Springfield, Milano and Women´s Secret – employs 9,000 people and has a network of 1,436 shops in 49 countries. In 2007, it turned over €1.136 bn.
Part of the Group's merit lies in the pioneering role it has played in launching new brand segments such as Springfield or Women's Secret. The competition has hastened to copy this business model. The company has skilfully detected market needs and met these with a range of brands capable of responding swiftly to market developments.
The company is currently focusing on globalisation; its brands are now available in 49 countries, primarily in mainland Europe where they operate under franchise in the case of Springfield and Women´Secret, and through investment and direct management in the case of the other brands. Its listing on the stock exchange has enabled it to finance growth policy.
