Tendam posts profit growth to €39 million for the first half of its 2018/2019 financial year

The company has posted pre-tax profit of €38.9 million, versus losses of €272,200 for the same period last year. Total sales reached €554.4 million. Online sales grew by 27% to represent 7% of total sales in the Iberian region. The gross margin now stands at 62% and has remained steady above the 60% threshold. Tendam […]

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Tendam appoints Mar Oña as Director of Legal Services and Secretary of the Board of Directors

As the new Director of Legal Services, Oña will also sit on the Management Committee and report directly to the CEO. She will also take up the role of non-member Secretary of the Board. Mar Oña has 15 years’ experience in senior management roles in different firms within the legal sector. Her previous employers include […]

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Tendam: Q1 2018/19 results

Gross margin and operating costs continue to improve in the period March-May 2018. As of May 2018, stocks are down 3.5% year-on-year. E-commerce is up 21.5%. The store network registered a net variation of +15 new points of sale in the quarter. Adjusted EBITDA for the last 12 months amounts to €165.6 million versus €141.1 […]

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Tendam: results for the 2017/18 financial year

Total income reached 1,154.7 million euros, up 2.4%. Adjusted EBITDA grew by 48% to 170 million euros. Tendam’s online business – which has now overtaken the physical stores in terms of profitability – grew by 26%. Gross margin has improved by 3.4 percentage points. The Tendam brands’ loyalty programmes now have in excess of 22 […]

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Masaria Investments S.A.U. has been renamed Tendam Brands S.A.U.

Madrid, 06 June 2018 – “Masaria Investments SAU, the holding company of Tendam, formerly Grupo Cortefiel, has been renamed Tendam Brands S.A.U. The group, a leading international fashion retailer, trades from 2,000 stores in 90 countries under the brands Cortefiel, Pedro del Hierro, Women’secret, Springfield and Fifty. Tendam Brands S.A.U. is the issuer of the […]

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Grupo Cortefiel is renamed Tendam

Madrid, 17 April 2018 – Grupo Cortefiel, a leading international fashion retailer, announces today that it is changing its corporate and visual brand identity to Tendam as part of the strategic plan it embarked upon almost two years ago. From now on, Tendam will be the corporate brand encompassing the Cortefiel, Pedro del Hierro, Women’secret, [...]

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MARC CALABIA IS APPOINTED MANAGING DIRECTOR OF SPRINGFIELD

Madrid, 22 February 2018 – Grupo Cortefiel has announced the appointment of Marc Calabia as Managing Director of Springfield. Marc has extensive experience in executive roles in the retail sector, and will also take a seat on the group’s Management Committee. Marc Calabia will be heading up Grupo Cortefiel’s youngest, most urban brand with a [...]

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GRUPO CORTEFIEL IMPROVES ADJUSTED EBITDA BY 81.7% TO REACH 111 MILLION EUROS

Madrid, 06 February 2017 – Grupo Cortefiel, a leading international fashion retailer, today announced strong operating and financial results for both the Group and its parent holding company for the first nine months of financial year, which runs from 1 March to 30 November 2017[1]. Adjusted EBITDA grew by 81.7% to 110.9 million euros, versus [...]

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GRUPO CORTEFIEL HIRES PEDRO ESQUIVIAS AS CHIEF CUSTOMER OFFICER

Madrid, 11 January 2018 - Grupo Cortefiel, one of the leading international companies in fashion distribution, today announces a step forward in its relationship strategy. With close to 21 million customers in all its clubs and loyalty programmes, Grupo Cortefiel strengthens its strategic leadership in the omnichannel era with Pedro Esquivias joining its Management Committee as [...]

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GRUPO CORTEFIEL MORE THAN DOUBLES EBITDA IN FIRST HALF OF FINANCIAL YEAR

Madrid, 13 November 2017 - Grupo Cortefiel, a leading international fashion retailer, today announced strong operating and financial results for the first half of its financial year, which runs from 1 March to 31 August 2017[1] Over the six-month period, revenue was up 5.9% year on year to 563.6 million euros, underpinned by continued growth [...]