Claim: Sociedad Española de Precios Únicos, S.A. (SEPU) was Spain's first department store, and then it was sold by an Australian retailer Rodd Partridge in 2000, and finally, it closed in 2002 because of the current management's undisclosed accumulated tax debts.
Evidence: SEPU was purchased in 2000 by Australian retailer Rodd Partridge; it was a failing company at the time.