Home / Knowledge / News / Apparel/Garments / Grupo Cortefiel to open 80 stores in South Korea
Grupo Cortefiel to open 80 stores in South Korea
11
Nov '10
This is the latest in a series of strategic alliances signed during the course of this year aimed at securing the Group's expansion in key markets such as the UK, Russia and Ukraine and Italy, and coincides with the opening of flagship Springfield and women'secret stores in central London.

Following the signing of this new agreement for South Korea, Cortefiel has taken a step further in its globalisation policy with the backing of major international partners operating on strategic markets.

The agreement includes an undertaking to open more than 80 stores in this Asian country, one of the most highly developed and dynamic markets in the region and a major exporter of technology, electronics and cars to Spain.

Thanks to this alliance JK Partners, the Korean industrial conglomerate in relation with Sharp Inc, will be responsible for running some 90 Springfield and women'secret stores around the country. This agreement also entails a purchase option for Grupo Cortefiel within a 7 year period.

The signing of this agreement coincided with the opening this week of flagship Springfield and women'secret stores in the heart of the City of London, in the 'One New Exchange' mall, one of the UK capital's iconic buildings designed by French architect Jean Nouvel. The mall is just a short distance from St Paul's Cathedral, a prime location that draws crowds of tourists and business men and women from all over the world.

The London openings are part of the agreement signed this year between Grupo Cortefiel and Brand Empire, a commercial subsidiary of the powerful British property firm Land Securities.

Grupo Cortefiel


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.0%
No
12.5%
Skip
12.5%

Total Votes: 48

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.5%
No
25.0%
Skip
12.5%

Total Votes: 48

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
6.3%
Skip
6.3%

Total Votes: 48

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.8%
No
10.4%
Skip
18.8%

Total Votes: 48


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search