The following press release (sorry, only in Spanish) http://www.modaes.es/empresa/071111/la-familia-albadalejo-releva-a-shanghai-tang-en-ma mentions that the company belongs to the Albaladejo family, owners of Carmina shoes. The article mentions that the management for both companies only share the fact that both are Albaladejo's.
The shop is based in Claudio Coello St, Madrid at walking distance from Carmina shop. I've read that prices for box calf are EUR 140 and cordovan EUR 290. This is their tumblr meermin.tumblr.com, can anyone care to comment about their quality?
On the other hand last week I was visiting my parents place in the north of Spain and their local shoe shop had some Carmina's on display at EUR 290 for box calf and EUR 475 for cordovan..... I asked my parents to pick for some double monk at the Xmas where they will be at a 15% off