El Corte Inglés moves to take full control of its travel subsidiary

JSBy Joan SanzCurated by Joan Sanz. · July 29, 2026 · Follow on LinkedIn

Voice reading · ~1 min

El Corte Inglés is in talks to acquire the 25% stake of Viajes El Corte Inglés still held by Tool Factory, as reported by Hosteltur. If the deal goes through, the department store group will own 100% of its travel arm. This move stems from the 2021 merger with Logitravel, which brought Tool Factory into the shareholder structure.

The company has already set aside €220 million for the purchase, after exercising its buy option in November 2025. That’s a strong signal the deal is real. In my view, taking full control of a strategic business like this makes perfect sense once you’ve already integrated Logitravel’s technology and operations.

Less fragmentation in a sector where big players are gaining weight.
El Corte Inglés gains more room to maneuver on pricing and product.
Watch for how they restructure the sales team, that will affect suppliers and customers.

What do you think? Perfect timing or should they have done it earlier?

Quick questions

Why does El Corte Inglés want 100% of its travel arm?

To gain full strategic control and maximize synergies from the 2021 Logitravel merger. With 100% ownership, they decide without partners.

How much will it pay for the remaining 25%?

It has provisioned €220 million. That’s the estimated price booked in its annual accounts for the buyout.

Who is Tool Factory and why are they involved?

Tool Factory is the company behind Logitravel. It came into the shareholding after Logitravel and Viajes El Corte Inglés merged in 2021.

When will the deal close?

No exact date yet, but they have exercised the option and set aside funds. Everything points to a closing within the coming months.

How will this affect Viajes El Corte Inglés customers?

Little change in the short term. In the medium term, expect more integrated offers and possibly simplified booking channels.

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