Hipercor

Spanish department store El Corte Ingles is planning to join its department stores with Hipercor hypermarkets with the aim of reorganizing its commercial offer and achieving synergies. The merger, that according to sources is at an advanced stage, aims to reduce costs by reorganising spaces and by sharing, for instance, distribution centres. Although they share spaces, both businesses compete and operate under different corporate and business units, causing duplication. One of …