El Corte Inglés moves to take full control of its travel subsidiary
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?
How much will it pay for the remaining 25%?
Who is Tool Factory and why are they involved?
When will the deal close?
How will this affect Viajes El Corte Inglés customers?
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