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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Business

Tendam acquires majority stake in Slowlove amid portfolio expansion

Spanish fashion retailer Tendam has acquired a majority stake in label Slowlove for an undisclosed sum in the latest addition to its growing portfolio. Tendam, which also owns brands the Cortefiel, Pedro del Hierro, Springfield, Women’secret, Fifty brands, and Hoss Intropia, will assume responsibility for Slowlove’s operational management. But...

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Retail

Spanish label Hoss Intropia relaunches following acquisition by Tendam

Spanish brand Hoss Intropia, which was acquired by fashion group Tendam in 2019, is returning to the market with its spring/summer 2021 collection. The label, which was founded in 1994 and positions itself as ‘affordable luxury’, will have its own web store and will also show its collections at shop-in-shops in 20 Spanish flagship stores of...

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Retail

Tendam to use renewable energy across Spanish stores and operations

Spanish fashion retailer Tendam has announced that in 2020 it will begin using entirely renewable energy supplied by energy company Endesa across its Spanish store network and operating facilities. The retailer, which owns brands the Cortefiel, Pedro del Hierro, Springfield, Women’secret, Fifty brands, and Hoss Intropia, operates almost 800...

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Fashion

Tendam joins Fashion Pact

Spanish fashion retailer Tendam, which owns brands the Cortefiel, Pedro del Hierro, Springfield, Women’secret, Fifty brands, and, as of November, Hoss Intropia, is the latest company to join the Fashion Pact, a coalition of fashion and textile businesses committing to tackle sustainability issues. Unveiled back in August by François-Henri...

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Tendam acquires Spanish label Intropia

Spanish fashion retailer Tendam, which owns brands Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has added one more to its growing portfolio: Spanish fashion label Intropia. The fashion group has acquired the Hoss, Intropia and Hoss Intropia brands for an undisclosed amount. It said Intropia will “benefit from Tendam’s...

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Tendam CEO becomes executive chairman

The board of directors of Tendam Brands, the parent company of Spanish clothing group Tendam, which owns brands Cortefiel, Pedro del Hierro, Springfield, Women'secret and Fifty, has appointed CEO Jaume Miquel as executive chairman of the company. Miquel has been CEO of Tendam since 2016, a responsibility that he will combine with the new...

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Fashion |INTERVIEW

Tendam on its name change, omnichannel strategy and future plans

Amsterdam - It’s been just over a year since European fashion retailer Tendam, formerly known as Grupo Cortefiel, announced a change of name as part of the group’s ongoing strategic plan to address the future challenges of internationalisation, growth and digitisation. In the past two years, since the announcement of its restructuring plans, the...

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Tendam returns to profitability in H1

European fashion retailer Tendam, operating through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has reported pre-tax profit of 38.9 million euros (44.2 million dollars), reflecting a significant improvement in the company’s balance sheet versus the first half of 2017/18, when the company posted losses of 272,200...

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Tendam posts positive like-for-like sales growth of 4.8 percent

European fashion retailer having brands such as Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty under its fold, has said that total income for the 2017/18 financial year amounted to 1,154.7 million euros (1,349 million dollars), up 2.4 percent on the previous year, despite the closure of non-performing stores. Like-for-like...