El Corte Inglés acquires Sanchez Romero supermarket chain
What: Sanchez Romero is noted for its broad, varied and unique product and service offering, the type and formats of its stores, and the high quality of its fresh products. It has 419 employees and reported EUR 61 million of revenue and EUR 6.2 million of EBITDA in 2020.
Why is it important: The transaction strengthens El Corte Inglés' footprint as the leader in high-end supermarkets.
Sanchez Romero has 10 supermarkets in Madrid, with over 9,000 sqm of combined sales floor. It also owns a 4,000 sqm distribution hub in Alcalá de Henares (Madrid), where the Company also has its offices and headquarters. The company's current manager, Enric Ezquerra, is staying on.