Ramón Areces

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Ramón Areces Rodríguez. Born in La Mata, Asturias (Spain), in 1904. Died in Madrid (Spain), in 1989.

At fifteen, Areces emigrated to Havana, Cuba, where he learned the basics of business. He later traveled through the United States and Canada, before returning to Spain. When he returned to Madrid in 1935, he opened up a small tailor shop on the calle Preciados. Areces used the techniques he learned on his trip, and his business grew, quite unexpectedly. In July of 1940 he opened the first El Corte Inglés department store in Madrid.