Company type | Department store |
---|---|
Industry | Retail |
Founded | 1850 as Las Fábricas de Francia, 1888 | as El Palacio de Hierro
Headquarters | Mexico City, Mexico |
Number of locations | 31 |
Key people | Juan Carlos Escribano (CEO) |
Products | Apparel and accessories, cosmetics, electronics, home furnishings and appliances, gourmet food, services (restaurants, food halls, hair salons, travel agency) |
Website | www |
El Palacio de Hierro (English: The Iron Palace) is an upscale chain of 16 full-line Palacio de Hierro department stores, 3 Boutique Palacio junior department stores, 2 Casa Palacio home stores, and 2 outlets located in Greater Mexico City and 8 other major cities across Mexico. Operated by the corporation Grupo El Palacio de Hierro S.A.B. de C.V., it has two flagship stores - one the original historic flagship in the Historic center of Mexico City and the "Palacio de los Palacios" (Palace of the Palaces) store in the Polanco district, reopened in 2016 after an extensive renovation costing US$300 million, and at 55,200 m2 (594,168 sq ft), the largest department store in Latin America.[2] Palacio de Hierro has been a member of the International Association of Department Stores since 2000.[3]