• Home
  • Tags
  • Tendam

Tendam news and archive

Member
Business

Multiply Group completes acquisition of Tendam, will drive growth using AI as a lever

Multiply Group, an investment holding company based in Abu Dhabi, completed the acquisition of a 67.91 percent stake in Tendam, a Spanish fashion multinational, on 23 July 2025. Tendam owns brands such as Cortefiel, Springfield, and Women’secret. The transaction values Tendam at approximately 1.3 billion euros (5.6 billion UAE dirhams), with...

loading...

FeaturedMember
Business|In Depth

Multiply Group: Who is the new owner of Tendam, and how will it boost its value?

Madrid – The Spanish fashion scene, and potentially the international fashion scene, was shaken on February 25, 2025, following the unexpected announcement and official confirmation that Emirati company Multiply Group had become the new dominant shareholder in Tendam Group. The Spanish fashion multinational, which owns chains such as Cortefiel,...

loading...