Cortefiel
| Industry | Retail |
|---|---|
| Headquarters | Madrid, Spain |
Area served | mainly Spain and Portugal, small presence in France, Belgium, Netherlands and Austria |
Key people | Juan Carlos Escribano, CEO |
| Products | Clothing |
| Revenue | €1,040 million in 2006 [1] |
Number of employees | 8,600 |
| Subsidiaries |
Cortefiel Springfield Women's Secret Pedro del Hierro |
| Website |
Grupo Cortefiel (The Cortefiel Group) is the second largest apparel retailer in Spain through Cortefiel (traditional clothing), Springfield (contemporary and cosmopolitan look) and Women's Secret (underwear retailer). The Iberian Peninsula accounts for more than 85% of the revenues of the group. The company operates approximately 1,100 stores and is present outside Iberia through international retail formats and franchise operations (Cortefiel, Springfield man & Woman, Women's Secret, Pedro del Hierro).
In September 2005, PAI Partners acquired, jointly with CVC Capital Partners and Permira, an 86.8% shareholding in Cortefiel, following a joint take-over bid launched in July 2005. A permanent purchase order over the remaining shares was issued with a view to delisting Cortefiel.[2]