El Corte Inglés held its Annual General Meeting and all motions tabled by its directors were passed

news July 2023 El Corte Inglés

What: El Corte Inglés' shareholders unanimously approved the motions presented by the Board of Directors at the Annual General Meeting.

Why it is important: The company announces its growth, positive financial results, and commitment to social and environmental initiatives.

Motions passed included the approval of the 2022 management report, financial statements, non-financial statements, and earnings appropriation. 

The Chairwoman, Marta Alvarez, highlighted the group's growth in 2022, with all businesses delivering profits and significant investments made in refurbishing stores such as the Castellana, Serrano, Preciados, and Pozuelo; the retail business, particularly the fashion division, drove growth.

The company welcomed more than 1.5 billion visits to physical stores, websites, and apps.

They are committed to societal and environmental initiatives, including the completion of the 'zero waste' project in all El Corte Inglés department stores.

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