Companies exodus continues – Codorniu heads for La Rioja

0
320

One of Cataluña’s most emblematic companies, cava-producers Codorniu (established in 1551), has announced it is moving its fiscal address to La Rioja (Spain’s most well-known wine producing areas) due to the ‘inestability’ created in Cataluña over the independency bid.
Since the illegal referendum was held on October 1, 540 companies – including Caixabank, Banco Sabadell, Gas Natural Fenosa and Planeta) have moved their address from Cataluña to other parts of Spain.
Codorniu’s main competitors, Freixenet, has thretened to do likewise if independence is proclaimed.

 

Read more in this week’s print edition or go to e-paper

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.