El Corte Inglés prepared for the stock market in 2022

What: El Corte Inglés laid the foundations for a new stage in 2022, with new leadership and an accelerated reorganization of its retail along with its agreement with Grupo Mutua which contemplates going public before 2028.

Why it is important: The leap, made without another of the company's shareholders, will see the continuation of El Corte Inglés reinforcing its team to focus on transformation, operations, technologies and people while power will also be diversified and supported by a delegated executive commission.

The agreement with the insurer, Grupo Mutua, which was made with 8% of the group's capital for 555 million euros, contemplates going public before 2028.