By Sarah Keane • 24 October 2020 • 20:43
FORMER president of El Cortes Inglés launches new WOW store to compete with Primark.
Dimas Gimeno, the former president of El Corte Inglés, has embarked on a new project by creating Wow, a store to rival retail giant Primark. Located at the very fashionable number 18 Gran Vía in Madrid, the superstore will offer everything from fashion to hospitality, through household and leisure items.
Work has already begun on the new site on one of Madrid’s most popular streets, which measures more than 5,500 square meters. These works are expected to be completed during the month of April 2021 and, subsequently, the opening date will be announced, as reported by 20 minutos.
Gimeno has devised a plan for this new business that consists of offering the public innovative and exclusive products, in particular promoting digital Spanish brands which currently don’t have physical stores.
Gimeno insists that this store is just the beginning, with plans already in place to expand the brand throughout the country.
The brand has already secured funding of €2.8 million from US firm FJ Labs and expects to launch a new round of marketing before the end of the year to attract even more backers.
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Former teacher and health services manager with a Degree in English, Sarah moved to Spain from Southern Ireland with her husband, who runs his own car rental business, in 2019. She is now enjoying a completely different pace and quality of life on the Costa Blanca South, with wonderful Spanish and expat friends in Cabo Roig. Sarah began working with Euro Weekly News in 2020 and loves nothing more than bringing all the latest national and international news to her local community.
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