Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
department store operator
Friendly
Diversified Retailers
Majority
Spain
Private
Cross Border
Completed
Synopsis
Gfi, an IT service management company, completed the acquisition of El Corte Inglés, the biggest department store group in Europe. Financial terms were not disclosed. "IECISA and Gfi share a common vision for the business, based on shared values of innovation, teamwork and strong commitment to clients. The culture of the combined entity will continue to be based on attention to and personalized service for each client," Gfi.
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