Greggs expands abroad with Tenerife airport launch and Spanish breakfast twist
British bakery giant Greggs is set to open its first overseas outlet in almost two decades at Tenerife South airport later this month, as the...
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Retail
Alcampo to close 25 stores in Spain with the loss of 710 jobs across 13 regions
The French retail chain Auchan, operating in Spain under the Alcampo brand, has announced plans to close 25 stores across the country, resulting in the...
Shares in Spanish retail giant Inditex drop despite another record profit
Spanish retail giant Inditex, the parent company of Zara, reported another record annual profit on Wednesday, yet concerns over potential US tariffs impacting future growth...
Founder of Spanish fashion brand Mango, dies in accident, aged 71
Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said on Saturday. He was 71. ‘It is...
Spanish retail giant Inditex to sell its Russian business
Zara stores owner Inditex has reached an agreement to sell its Russian business to a Lebanese retail and real estate conglomerate, the Spanish fashion giant announced...
‘Pret A Manger’ sandwich chain to open 70 shops in Spain and Portugal
British sandwich and coffee chain Pret A Manger is to expand into Spain and Portugal as part of a plan to double in size, it...
McDonald’s, Coca-Cola, PepsiCo, Starbucks also halt business in Russia
Click here for all our reports related to the Russian invasion of Ukraine. McDonald’s, Coca-Cola, PepsiCo, Starbucks and General Electric all announced on Tuesday that they were...
Focus: Spain’s biggest company, Inditex – and the challenge facing Marta Ortega
Next April, the business and fashion worlds will be watching with close interest as Marta Ortega Pérez takes over from Pablo Isla as chair of...
Spain’s flagship store El Corte Inglés posts record losses
Spain’s flagship department store group El Corte Inglés, a key barometer of the Spanish economy, reported record annual losses for 2020 on Friday, due to...
Spanish supermarket Dia to slash jobs
Financially troubled Spanish supermarket group Dia has said it wants to cut up to 2,100 jobs as it reported a massive loss. Dia, the target of...
