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

Canonical-URL: https://notitur.com/en/digest/corte-ingles-travel-subsidiary-100
Text-Version: https://notitur.com/en/digest/corte-ingles-travel-subsidiary-100.txt
Markdown-Version: https://notitur.com/en/digest/corte-ingles-travel-subsidiary-100.md
Language: en
Published: 2026-07-29T13:46:34.043Z
Modified: 2026-07-29T13:46:34.043Z
Author: Joan Sanz
Topics: Investment & M&A
Summary: El Corte Inglés is negotiating to buy the remaining 25% of Viajes El Corte Inglés from Tool Factory. It has provisioned 220 million euros for the deal.

## Article

**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](https://www.hosteltur.com/177755_el-corte-ingles-negocia-controlar-el-100-de-su-filial-de-viajes.html). 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?

## Sources

- Hosteltur: https://www.hosteltur.com/177755_el-corte-ingles-negocia-controlar-el-100-de-su-filial-de-viajes.html

## Citation

El Corte Inglés moves to take full control of its travel subsidiary. Notitur. 2026-07-29. https://notitur.com/en/digest/corte-ingles-travel-subsidiary-100