The president of El Corte Inglés, Marta Álvarez, announced this Sunday at the shareholders' meeting the development of new projects that add value to the group, improve diversification and allow growth to be promoted, such as the constitution of a real estate unit , the relaunch of Viajes El Corte Inglés or expand your financial services .

The purpose of the real state business unit would be "to order and give value to real estate assets , and would constitute it together with new logistics projects, according to Álvarez in the Board that has given the green light to all the items on the agenda with the support of more than 98.5% of the share capital with voting rights.

Among the agreements is the renewal of the Board of Directors with the appointment for a new five-year mandate to Marta Álvarez, Cristina Álvarez and Shahbad Shahbaz , and the appointment of José Ramón de Hoces as secretary advisor, something that "comes to reinforce support to management and shareholder stability, "the group detailed in a statement. The number of directors has been established at a minimum of 8 and a maximum of 12.

The merger has also been given to the merger by absorption of Sfera , and to set the dividend against the result of last year at 37.5 million euros, half that of the previous year and despite the fact that its profit amounted to 310 million euros and has been the best in the last 10 years.

" We are witnessing a reality that constitutes a real challenge and, of course, we are already overcoming ", explained Álvarez during the Meeting, assuring that "we have an exciting and long-term project" that has given very satisfactory results in 2019 and, Despite the difficulties of recent months, El Corte Inglés has a solid and united team capable of facing the future with guarantees of success.

As detailed, the future of the company is linked to the business model and the values ​​that society has recognized in El Corte Inglés, encrypting among them the value of customers and suppliers, the value of the assortment, quality and service and , especially the value of the brand.

In such a complicated environment, Álvarez has highlighted the solidity of the company and the pillars that guarantee the future of the company, with special emphasis on the firm commitment to electronic commerce, which "has allowed us to multiply online sales by 5 and by 6 home deliveries. "

He has also alluded to the boost that omnichannel is having in the group, has underlined the " great leap in digitization that already affects many areas of the organization ", and has announced that next fall the company will launch a new App, in addition to undertake other projects to diversify income and grow as the real estate unit and expand the services to clients of Financiera El Corte Inglés.

During his speech, he also stressed the importance of corporate responsibility, both internally, "in relation to our team" and externally, "as an organization in solidarity with society", indicating the group's commitment to the policies of equality, the labor integration of people with disabilities, and with the job opportunity for women who have suffered gender violence.

"Before the society that welcomes us, El Corte Inglés feels highly involved and committed to its environment and to economic, social, cultural and environmental development," he assured. "It is what the consumer, the citizen, society asks for. And it is what we offer in response: shopping experience, digitization and sustainability. Three pillars that will always accompany us," he added.

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