El Corte Inglés SA (Spanish department store group, Álvarez Áreces family/Areces Foundation 37%+ controlled private structure) has faced sustained class actions over the contested historic 2015 USD 1+ billion sustained Qatar Investment Authority (QIA) 10%+ El Corte Inglés stake acquisition (QIA acquired 10% El Corte Inglés stake July 2015 EUR 1 billion) and the contested 2024 sustained El Corte Inglés Spanish retail discretionary customer demand normalization affecting Spanish institutional creditor governance complexity.