El Grupo Consolidado is the parent company of Spain's hugely popular El Corte Ingles, the department store which was first founded in Madrid as a children's tailor shop in 1890. Many years later, in 1934, Mr. Ramsn Areces Rodrmguez, founder of the El Corte Ingles, S.A., bought the tailor shop and began his business career, turning the small store into what would later become a retail empire.