El Palacio de Hierro (officially El Palacio de Hierro S.A. de C.V.; English: The Iron Palace) is an upscale chain of department stores in Mexico. Its flagship store in Polanco, Mexico City, reopened in 2016 after an extensive renovation of US$300 million and an expansion of 55,200 square metres (594,000 sq ft). It is the largest department store in Latin America and has been a member of the International Association of Department Stores since 2000.