Tendam news and archive

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...

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Tendam partners with Shaws to bring Cortefiel to Ireland

With the foundations of its immediate future clarified following the arrival of Emirati firm Multiply Group as the company’s new majority shareholder, Spanish group Tendam has continued to advance its international expansion plan, this time with its flagship brand, Cortefiel. The brand formalised a partnership with Shaws Department Stores for...

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Tendam enters Turkey with Women’secret

Madrid – Women’secret, the lingerie brand from the Tendam Group, has entered a new market with the opening of its first store in Turkey. The chain has just launched with the opening of its first establishment in Istanbul, the country’s capital. With a retail space of approximately 100 square metres, which the chain will use to sell its latest...

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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,...

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Abu Dhabi’s Multiply Group takes controlling stake in Tendam parent company

Abu Dhabi-based investment firm Multiply Group has acquired a controlling stake in Castellano Investments, the parent company of Spanish fashion giant Tendam Brands S.A.U and other subsidiaries. With its intention of securing a 67.91 percent holding, Multiply Group would become a majority shareholder of Castellano alongside Llano Holdings and...

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Severe weather in Spain: The fashion world offers help

Madrid - Inditex, H&M, Mango, Scalpers, Nude Project and many more fashion companies, both national and international, are expressing support and solidarity for the victims of last week's extreme weather in Spain. The storm devastated areas of Castilla-La Mancha and the southern part of metropolitan Valencia, where the clean-up continues as the...

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'Sustainability Lab': UDIT launches research and development project with Spanish fashion giant Tendam

Determined to support the transformation of fashion from the ground up, Spanish fashion group Tendam has announced the creation of its new Sustainability Lab, a research and development laboratory focused on sustainability, which in collaboration with UDIT University in Madrid and consultancy IDavinci aims to ‘redefine the future of fashion’...

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Hackers attack Spanish fashion multinational Tendam, demand 800,000 dollar ransom

A group of hackers has attacked the computer systems and databases of Spanish fashion giant Tendam, the parent company of chains such as Cortefiel, Pedro del Hierro, Springfield and Women'secret. The cybercriminals are now demanding 800,000 dollars to prevent them from leaking or selling the more than 720 gigabytes of confidential information...

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Tendam posts Q1 like-for-like sales growth of 6 percent

In the first quarter, Tendam posted total revenue of 253.8 million euros, up by 4.6 percent year-on-year. Like-for-like revenue increased by 6 percent versus the first quarter of FY2023. Recurring EBITDA for the quarter was 57.1 million euros, up by 10 percent. Commenting on the trading results, Jaume Miquel, chairman of the board of directors...

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Tendam raises EBITDA outlook on strong Q3

Tendam Brands third quarter revenues stood at 278.2 million euros, reflecting growth of 5.7 percent versus Q3 2022 and 8.5 percent versus the same period of 2019. Total sales rose to 884.3 million euros over the nine month period, up 5.2 percent year-over-year and 8.4 percent versus the same period of 2019. Like-for-like sales grew by 6.2...

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Tendam enters India through strategic partnership with e-tailer Myntra

Spanish fashion conglomerate Grupo Tendam, parent company to fashion chains and brands such as Cortefiel, Springfield and Women'secret, has announced a partnership agreement with Indian fashion e-tailer Myntra for its entry, growth and expansion in the strategic Indian market. The first steps in this direction have already been taken with the...

Retail|INTERVIEW

Antonis Kyprianou, Tendam: "We are pursuing a more aggressive franchising strategy"

The Spanish Tendam Group, one of Europe's leading omni-channel groups in the specialised fashion sector and the second in the Spanish market by market share, as well as parent company of brands such as Cortefiel, Pedro del Hierro, Springfield or Women'secret, has announced the opening of five new physical shops in Latin America. The announcement...