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

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

Leave your Comments


February 2020

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


Advanced Search