News
2021
January
This silver rating positions the fashion company among the top 25% of companies assessed by the sustainability rating agency Tendam is recognized for its efforts in four aspects of ESG criteria: Environment, labour practices and human rights, ethics and sustainable procurement Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment, which […]
2020
December
This union will mean reinforcing and continuing to make progress in the integration of social, environmental and good governance aspects into the company’s strategy and management. Tendam’s adhesion to Forética strengthens its contribution to generate relationships with other international organizations focused on sustainable development. Forética is the reference business organization in sustainability in Spain and […]
2020
December
The Madrid-based fashion brand, which took part in the ranking for the first time ever, was awarded a B CDP (formerly the Carbon Disclosure Project) is a globally recognised leader in carbon footprint data processing Tendam, one of Europe’s leading fashion retailers operating in the specialized chain segment, which encompasses the Cortefiel, Pedro de Hierro, […]
2020
October
Pre-IFRS16 adjusted EBITDA totalled €31 million and EBT stood at €8.7 million. The company generated €74.6 million in free cash flow, improving its liquidity position over August 2019. Tendam’s flexibility and operational capacity allowed it to drive down stock levels by €30.7 million or 18.4% year-on-year. Online sales rose 40.5% between June and August and […]
2020
October
For the first time in the Fashion industry, the Fashion Pact unites CEOs of 60+ global leading companies from the fashion and textile industry – fashion, sports, lifestyle and luxury as well as suppliers and retailers – committing to a common core of ambitious quantified environmental objectives focusing on three themes: climate, biodiversity and oceans […]
2020
September
Tendam presents its Sustainability Report and exposes the achievements and good business practices carried out during this period in line with the Sustainable Development Goals and the principles of the United Nations Global Compact. The new edition sets out five strategic lines on which the company’s sustainability plan is based: People, Sustainability, Social Contribution, Supply […]
2020
September
Starting this autumn, brands from groups such as Levi’s Strauss or Bestseller – as well as independents like Hemper, specialising in sustainable products – will complement the offering on Tendam’s websites, based on the segmentation of their own brands These new brands – and all future ones to be integrated into Tendam’s e-commerce platforms – […]
2020
July
In the first quarter of the financial year – which coincided with the Covid-19 lockdown period of March, April and May – online sales grew by 54% to represent 44% of total sales in Spain. Total revenues were down by 76.2% versus the first quarter of financial year 2019/20. Physical stores were closed throughout practically […]
2020
June
Tendam’s revenues were buoyed by impressive fourth quarter growth (+6.4%) and consistent quarter-on-quarter improvement over the course of the year. All group brands reported growth in like-for-like sales. Online sales increased by 28% to represent almost 10% of total sales in Spain in 2019. Tendam expects to triple its digital business over the next three […]
2020
May
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 […]
2020
May
Tendam has already reopened stores on all continents as the spread of Covid-19 starts to slow and countries have established their own de-escalation plans Tendam, one of the major specialist fashion groups in Europe, comprising the commercial brands Cortefiel, Pedro del Hierro, pringfield, Women’secret and Fifty, has reopened over 90 stores internationally in the past […]
2020
April
The company’s active and charitable collaboration to the fight against the effects of Covid-19 Together with Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty, Tendam has launched the campaign #TodosSumamos-El hilo que nos une (#AllTogether – The thread that connects us) through which they have made garments made for its brands available for to the […]
2020
March
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 […]
2020
March
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 […]
2020
March
The fashion retail group made up of the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands has signed a supply contract with leading energy company Endesa, for a total renewable energy volume of over 80GWh/year. This will supply all 800 of the Group’s stores in Spain, as well as the rest of its facilities. […]
2020
January
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 […]
2020
January
The Spanish group has joined the global coalition of leading fashion brands that are committed to a common core of key environmental goals concerning Global Warming, Biodiversity and the Oceans. Following its adherence to the Business Ambition for 1.5ºC initiative, Tendam has also been recognised by the United Nations Global Compact for its commitment to […]
2019
November
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. Madrid, 25 November 2019 – Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment through the Cortefiel, Pedro […]
2019
October
Tokyo takes to the stage of the most attractive cities for retail ahead of the Olympic Game For the second year running, the study identifies the one hundred most attractive global cities for retail, based on almost fifty criteria. The report has been promoted by Tendam and has the support of the Instituto de Empresa. […]
2019
October
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 […]
2019
October
Presentation of the X edition of the SERES Awards Directors of almost 150 SERES companies celebrate 10 years of social commitment The SERES Foundation celebrated the 10th edition of its annual awards in recognition of the best strategic and innovative actions capable of generating value for society. Ford Spain, Kern Pharma, Mutua Madrileña and Tendam […]
2019
September
Cortefiel collects the amount of 49,000 euros for the project Perfectos Imperfectos of the Cadete Foundation thanks to the sale of a capsule collection consisting of two t-shirts and a sweatshirt. The main objective of this solidarity initiative has been to raise awareness of disability. With this collaboration, 59 boys and girls with different types […]
2019
September
Tendam celebrates world cleaning day with a waste collection in the sierra de Madrid The activity was carried out together with Seo Bird Life and Ecombes within their Libera programme and 341 kilos of waste were collected 200 volunteers from the textile company Tendam joined the World Cleaup Day 2019 challenge to clean and collect […]
2019
July
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 […]
2019
July
The outlet chain belonging to Tendam disembarks in Mexico with the inauguration of its store in Premium Outlets Querétaro. Fifty continues its international expansion plan and is already present in seven countries. Fifty, Tendam’s multi-brand chain, opens its first store in Mexico. This new point of sale is located in the Premium Outlets Querétaro shopping […]
2019
June
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 […]
2019
June
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 […]
2019
June
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 […]
2019
May
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 […]
2019
May
Tendam together with the Centro Superior de Diseño de Moda de Madrid (CSDMM) and the Universidad Politécnica de Madrid (UPM), held the first Conference on Sustainability, Responsibility, and Innovation in Fashion Design, which highlighted the need for the sector to be sustainable and affordable for the consumer. Tendam, one of the leading European companies in […]
2019
April
Since the end of March, Cortefiel and PdH customers can click and collect the purchase made online, not only in the physical stores of these brands, also the clients have the option of picking it up at the selected Springfield store. This initiative is part of Tendam’s omnichannel strategy, which takes advantage of the synergies […]
2019
April
Tendam launches new Springfield and Women’secret stores in the two Eurasian countries. In the case of Armenia, Springfield opens its first point of sale for men and women at the Dalma Garden Mall, the first shopping mall in Yereban, the capital of the Caucasian country. Tendam was represented in Armenia with Women’secret which has two […]
2019
January
Tendam delivers more than 156,000 euros to the four entities benefiting from the project Involucrados In the 13 years of this initiative almost one and a half million euros have been raised. Tendam increases the amount collected one more year and distributes 156,032 euros between the Pequeño Deseo Foundation, ItWillBe, the Síndrome de Down Madrid […]
2019
January
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 […]
2018
October
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 […]
2018
October
Two Spanish cities feature among the world’s top 100 retail cities: Barcelona is ranked 29th, while Madrid sits in 36th The Hot Retail Cities report provides an inaugural list of the world’s 100 most attractive cities for retail based on around 50 criteria measuring their economic, commercial, political and cultural landscapes. Fostered by Tendam and […]
2018
October
The brand launches the collection of solidarity panties # SÍMEIMPORTA, from which all the benefits will go to the Program of Preservation of fertility in oncological patients of the Dexeus Mujer Foundation. Women’secret launches a collection of solidarity panties within the brand’s commitment to support women in the fight against cancer. This collection is another […]
2018
October
A training initiative born of the collaboration between The Woolmark Company, Pedro del Hierro and IED Madrid The event held at the Istituto Europeo di Design yesterday, Julie-Anne Guivarra, Australia ambassador in Spain with the IED International Trends Unit manager Marisa Santamaría, the IED Fashion School manager Elena Vilabrille, Pedro del Hierro creative director Nacho […]
2018
September
Women’secret, the lingerie and intimate apparel brand of Tendam (formerly Grupo Cortefiel), is introducing its new store on Rue Montmartre, the central Parisian neighbourhood. Women’secret is continuing its international expansion plan and is opening a store in the capital of France again, a country where it will continue with more openings throughout the year. […]
2018
September
The brand’s first sustainability project based on the use of organic fibres and sustainable technologies in denim finishing processes Springfield, Tendam’s casualwear fashion brand, is launching the R[ECO]NSIDER project, its first collection of sustainable garments. This project focuses on two initiatives related to the use of organic fibres and denim finishing processes. The first one […]
2018
September
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 […]
2018
July
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 […]
2018
July
The Spanish group makes it debut in the Iraqi market with Cortefiel, Springfield and Women’secret which are opening their stores in Baghdad Tendam launches its first Cortefiel, Springfield and Women’secret stores in Baghdad. The stores are opening in Al Mansour Mall, one of the largest shopping and leisure centres in the capital with the longest […]
2018
July
Ana Boyer, Fernando Verdasco, Eugenia Silva, Inés Sastre, Inma Cuesta, Boris Izaguirre, Miguel Carrizo, Alex Rivière, Paula Ordovás, Manuel Ordovás, Silvia Zamora, Alberto Ortiz, Javier Rey and Raquel Sánchez Silva came out to express their support for the fashion firm at an emotional evening, with a runway show that featured models such as Carmen Kass and Blanca Padilla. […]
2018
July
Things That Do Matter has won an award at the 11th edition of the Cinco Días Awards for Business Innovation. It was awarded last night during a gala that was attended by the new Minister of Science, Innovation and Universities, Pedro Duque. The aim of THINGS THAT DO MATTER is to normalise the disease and […]
2018
July
The solidarity initiative promoted by the two entities Women’secret and Fundación Dexeus Mujer, Cosas Que Sí Importan (THINGS THAT MATTER) donates to the Fundación Dexeus Mujer € 44,000 of the profits made on sales of its range of the post-surgery bras collection, Post-Surgery Bra ( PSB). These bras are designed with the advice of experts […]
2018
June
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 […]
2018
May
Under the terms of the agreement, the Tendam Classroom – Advanced Fashion Design Centre for Sustainability, Responsibility, and Innovation in Fashion Design will be created Tendam, the retail company that includes the brands Cortefiel, Pedro del Hierro, Women’secret, Springfield and Fifty, and the Universidad Politécnica de Madrid (UPM) announced the signing of an agreement to […]
2018
May
Tendam – the group encompassing Cortefiel, Pedro del Hierro, Women’secret, Springfield y Fifty – takes home the ‘Retail Transformation and Re-invention’ prize at the sector’s annual global awards ceremony. The achievement affirms the company’s positive progress amid an ambitious transformation plan which reached a significant milestone this week with the launch of a new […]
2018
April
Tendam is the new corporate name that encompasses the Cortefiel, Pedro del Hierro, Women’secret, Springfield and Fifty retail brands
Tendam allows Grupo Cortefiel to grow as a company and enhances its value as an organisation specialised in operating brands in the premium mass market segment
2018
February
Marc Calabia has over 20 years’ experience in senior management roles in the sector and will lead the future development of the company’s youngest, most urban brand.
2018
February
Total income stood at 810.3 million euros, up by almost 4%
2018
January
A new space in Sicily ads to a year of international expansion for the brand.
2018
January
The Chief Customer Officer, a newly created position within the Group, will sit on the Management Committee and reporting to the CEO.
2018
January
The brand expands through Algeria, Lebanon, Jordan, Pakistan, Chile, Peru and Guatemala
2017
December
The Spanish textile group is growing in the Caribbean with these new openings
2017
December
Women’secret opens its fifth store in France on Rue de Passy in the fashionable 16th arrondissment
2017
November
Elsa Pataky, image of the firm for the fourth consecutive year, attended the highly anticipated Women’secret Night, presented by model Juan Betancourt.
2017
October
Cortefiel, a Spanish fashion brand since 1945, has presented its campaign for this Fall-Winter 2017 season: ‘Algo que compartir’ (‘Something to share’).
2017
October
For this new winter campaign called A Common Life, SPRINGFIELD has revealed a fashion film in which Miguel Ángel Silvestre’s most personal side is shown
2017
October
The solidarity initiative “COSAS QUE SÍ IMPORTAN” (THINGS THAT DO MATTER) presents a collection of underwear and swimwear aimed at women with breast cancer
2017
September
This morning Women’secret held a press conference introducing Elsa Pataky as the protagonist, for the fourth consecutive year, of its Fall-Winter 2017 campaign.
2017
September
Grupo Cortefiel launches a new Women’secret store in France with a nearly 200-square-metre space on the centrally located street 9 Président Carnot in Lyon.
2017
August
Grupo Cortefiel is inaugurating two Springfield corners for men and women in Slovenia’s capital, Ljubljana, and another Springfield store in the coastal city of Koper.
2017
July
Grupo Cortefiel has incorporated payments using your smartphone in all of its five chains in Spain through the Android Pay app.
2017
June
The brand Pedro del Hierro starts its commercial activity in the country
2017
May
Women’secret celebrates the opening of its first establishment in Cuba at the Gran Hotel Manzana Kempinski, a premier 5-star hotel located in Havana’s historic district.
2017
April
Ramón Amorós will join Grupo Cortefiel in late April as Director General of Human Resources.
2017
February
Raúl Ramírez Hidalgo, new Fifty Factory general manager
2017
February
Grupo Cortefiel is pleased to announce the appointment of Marie Castellvi-Dépée as Cortefiel and Pedro del Hierro General Manager.
2017
January
The ‘Get Involved’ project’s latest effort was its second most successful fundraising ever, raising a grand total of €131,353 which will go towards four charitable projects.
2016
December
Tendam signed yesterday an expansion agreement with Tablez Retail Group to bring two of its brands, Springfield – a youth-oriented casual fashion brand and Women’secret – an innerwear, swimwear and sleepwear brand, to India and Sri Lanka in a gala ceremony held at the Shangri-La Hotel in Bengaluru.
2016
October
Eva has stood up for creating high performance commercial teams with an important identification with the brand, contributing to get the current leading position in the domestic market as well as the important growth in the international one where it is present in more than 70 countries.
2016
October
Marcos Gómez has leaded the corporate and financial processes taken by the company during the last decade and will continue cooperating directly with the Board of Directors outside of the executive line.
2016
August
Jaume until now held the Managing position for Cortefiel
2016
June
Mario Casas and Úrsula Corberó: the ambassadors of the new campaign star the new fashion films that will launch Springfield’s summer big wave.
2016
April
Women’secret continued to innovate with its campaigns, this time opting for a cutting-edge format: a Boat Movie.
2016
February
This initiative, which began in 2005, seeks to help non-profit foundations by donating funds raised in charity markets from selling garments from the current or previous seasons
