Tendam news and archive

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...

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Tendam records strong revenue and profit growth, considers IPO

Tendam Brands, the parent company of Tendam, reported revenues in the first half stood at 606.2 million euros, up 5 percent versus the same period last year. The company’s like-for-like sales increased by 6.2 percent. At the end of the first half, Tendam's gross margin stood at 63.3 percent, up 1 percentage point year on year, adjusted EBITDA...

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Tendam like-for-like sales increase 10.4 percent versus 2021

Tendam Brands, the parent company of Tendam, announced that in the financial year 2022, its total sales rose 8.8 percent to 1.21 billion euros. The company said in a statement that on a like-for-like basis, sales were up 10.4 percent versus 2021 and 9.2 percent versus 2019. Tendam’s digital business posted growth of 10.6 percent and now accounts...

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...

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H&M, Inditex and Mango among retailers establishing textile waste association

Decathlon, H&M, Ikea, Inditex, Kiabi, Mango and Tendam have partnered to create the Association for Textile Waste Management, with the aim of managing clothing and footwear waste generated in the Spanish market. Through association with the Collective System of Extended Producer Responsibility (SCRAP) legislation, the group wants to boost...

Fashion

Tendam launches new menswear label Ooto together with Andrés Velencoso

Spanish fashion retailer Tendam Group has launched its tenth private label Ooto (in reference to “Out of the Office”) in collaboration with international model Andrés Velencoso. It is aimed at men over 35 who “strike a perfect balance between life in and outside the office and who value sustainability”, according to a press release. Image: André...