Cortefiel news and archive

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...

Member

Business

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...

Member

Business

Tendam posts revenue growth

Tendam Brands reported total sales in the third quarter stood at 263.2 million euros, up 1.7 percent and 2.7 percent, respectively compared to the same period in 2021 and 2019. Tendam's total revenues increased by 8.6 percent to 840.7 million euros in the first nine months of the year. Like-for-like sales were up by 10 percent versus 2021 and...

FeaturedMember

Business

Tendam posts increase in Q3 sales and profit

Tendam Brands, the parent company of the Tendam Group posted a 3.6 percent increase in sales and 2.5 percent in like-for-like sales to 256.3 million euros (282.3 million dollars) during the third quarter. The company said in a statement, sales for the first ninth months of the 2019/2020 totalled 815.8 million euros (899 million dollars),...

People

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...

Featured

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...