News
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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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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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News
06
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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News
11
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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News
13
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 [...]
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News
08
GRUPO CORTEFIEL HAS SUCCESSFULLY CLOSED THE ISSUANCE OF NOTES FOR 600 MILLION EUROS
Madrid, 8 september 2017 - Masaria Investments, S.A.U., the holding company of international apparel retailer Grupo Cortefiel, has successfully closed the issuance of senior secured notes for an aggregate amount of 600 million euros among qualified institutional investors. These notes were issued in two tranches. The first was for 275 million euros in 7-year fixed [...]
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News
21
CVC AND PAI TO ACQUIRE GRUPO CORTEFIEL
Madrid, 21 July 2017Grupo Cortefiel, one of the leading fashion retailers operating in the specialised chain store segment, announces that funds advised by CVC and PAI have reached an agreement to jointly acquire Grupo Cortefiel. The renewed commitment of CVC and PAI is a clear endorsement of the strategic plan being implemented by Grupo Cortefiel [...]
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