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GD: record losses for the Spanish chain El Corte Inglés
A 31.6% drop in turnover, historical losses of € 2,945 million and a cut of thousands of employees
The stainless Spanish consumer and retail brand El Corte Inglés ended its last year with a 31.6% drop in turnover, historical losses of € 2,945 million and the departure of 3,292 employees. Without the provisioning measures of 2.5 billion euros, aimed at covering the devaluation of properties, inventories and tax credits, the net losses would have reached the record figure of 445 million euros, cl...
EFA News - European Food Agency