My wife and myself were hooked watching the series Velvet and staying late every night until we finished the First season. We loved the series and highly recommend it. While watching the series we were pleasantly surprised when we discovered the true story behind the story that, probably, very few people know except, of course, the writers of the series.
All the founders of Velvet, as per the story, came from Cuba from working in a place call "El Encanto" which was, in reality, the queen of all the stores in Havana, Cuba and the Americas in the 50s. My wife and myself are both Cuban, I was born in 1940 and my wife in the 1950, so we knew this store "in person".
"El Encanto" was started by two Spanish immigrants that went to Cuba in the 1880s, last name Solis, as a modest fabrics store. The store grew with the managerial intelligence of the founders and, in spite of all the endemic political problems of Cuba, by the early 50s became what it was, an impressive building six stories high with different departments on each floor and with branches in every big city in the island. On the early 1950s two of the partners went back to Spain and were instrumental in the creation of two stores in Madrid, "Gallerias Preciado" and "El Corte Ingles". We should add "Velvet".
Unfortunately, "El Encanto" was nationalized in 1960 by the communist government of Cuba and in a few months later it was burned down by some ex-employees that prefer a burnt building than the government ownership. (The above data can be verified on numerous articles in the internet and the Wikipedia Encyclopedia, also pictures of the actual store are available.)