news
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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news
22
S&P Global upgrades Tendam Brands to ‘B+’ with a stable outlook
Ratings agency S&P Global has upgraded to ‘B+’ with a stable outlook the rating of Tendam Brands, 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. S&P Global bases its recommendation on the fact that Tendam demonstrated positive progression of its […]
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News
28
Tendam posts profits in excess of €43 million for the first nine months of its 2018/2019 financial year
The company has posted a pre-tax profit of €43.4 million, versus losses of €13 million for the same period last year. Total sales reached €801.7 million during the period, of which €247.3 million was registered during the third quarter (+2.1% LFL). Online sales grew by 26.7% to represent 7.8% of total sales in the Iberian […]
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29
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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News
06
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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News
26
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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News
27
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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News
06
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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News
17
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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News
26
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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