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Banks back Tendam’s plan with €132.5 million
Financing has been provided by Banco Santander, the Official Credit Institute (ICO), BBVA, CaixaBank, Société Générale, Bankia, Banco Sabadell and Crédit Agricole, and will help to protect the liquidity of the Group and provide a larger safety net for the management of the business within the context of Covid-19. In February Tendam closed its financial […]
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13
TENDAM TO CLOSE TEMPORARILY ALL OF ITS STORES IN SPAIN
Tendam is announcing, motivated by prudence and social responsibility, the closure of its brands’ stores in Spain as of tomorrow, Saturday, 14 March (inclusive). The online stores of the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands will remain fully operational. Tendam will follow in any case the instructions and recommendations issued by the […]
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Tendam to close the stores of its brands in the Community of Madrid, the Basque Country and La Rioja
Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty will increase their online capabilities and offer customers free delivery and extended return periods. Tendam, one of Europe’s leading fashion retailers operating in the specialised chain store segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has announced the closure of its brands’ stores in […]
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28
TENDAM’s sales grew by 3.6%, its like-for-like sales by 2.5%, and the Group’s EBITDA rose by 6.6% in the third quarter of 2019/20
Accumulated earnings for the first nine months of the year stood at €815.8 million, up 1.8% on the back of the positive sales performance Online sales grew by 28% between March and November to account for 9.2% of total sales in Spain The company’s gross margin reaches 67% in the third quarter up by 0.1 […]
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25
Tendam acquires the Hoss/Intropia brand for its growing portfolio
Hoss/Intropia, which will benefit from Tendam’s strong operating and management structure, will cement the Group’s position in women’s apparel within the premium mass market. Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands, has announced today that it has acquired […]
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28
TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year
TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year The strong performance of sales and margins in the second quarter translated into positive accumulated earnings in the first half of its financial year of €559.9 million, up 0.9% YoY. Q2 sales increased by 2.3% to €340.6 million, whilst EBITDA rose […]
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29
Tendam continues to improve its margins in Q1
The Group capitalises on the combination of a streamlined store network, a strong CRM area and the high profitability of its digital operation The company takes strategic steps towards becoming the leading data-driven retailer in the market, with high customer engagement levels, premium operational quality and unique analytical and CRM capabilities. The Tendam brands’ loyalty […]
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26
Moody’s upgrades Tendam Brands’ rating to “B1”, with a stable outlook
Ratings agency Moody’s has upgraded the corporate family rating (CFR) of Tendam Brands – one of Europe’s leading fashion retailers operating in the specialised chain segment– to B1 from B2 and its probability of default rating (PDR) to B1-PD from B2-PD, with a stable outlook. According to Moody’s, the rating upgrade reflects the strengthening of […]
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Results of Tendam Brands for the 2018/19 financial year
Tendam Brands has posted earnings before taxes of €80.8 million, versus €21.3 million in 2017/18. Total sales, expressed at a fixed exchange rate, reached €1,155.9 million (€1,150.8 million at the current exchange rate), versus €1,154.7 million in the previous financial year. Online sales grew by 29.4% to represent 7.9% of total sales in Spain. Gross […]
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03
The Board of Directors appoints Jaume Miquel as new Executive Chairman of Tendam
Jaume Miquel’s new responsibilities will be in addition to his current role as CEO, a post he has held since 2016. The Board of Directors of Tendam Brands, the parent company of Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty […]
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