The company is redeeming €110 million in outstanding Notes before maturity. Following the partial redemption in October 2023, this transaction represents the redemption in full of the €300 million issuance of Floating Rate Senior Secured Notes due in 2028 completed in October 2022
Press
Tendam redeems its 2022 Notes four years before maturity and reduces its financing costs by 40%
26 - Mar - 2024
The company is redeeming €110 million in outstanding Notes before maturity. Following the partial redemption in October 2023, this transaction represents the redemption in full of the €300 million issuance of Floating Rate Senior Secured Notes due in 2028 completed in October 2022
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Dash and Stars accelerates its international expansion
28 - Feb - 2024
Tendam’s sports brand, Dash and Stars, opens six new points of sale across Europe, Africa and the Middle East. In just two years, Dash and Stars already has 10 enclaves in 4 countries.
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TENDAM RETAIL, S.A.: Distribution of Interim Dividend
28 - Feb - 2024
TENDAM RETAIL, S.A. Announcement of interim dividend distribution
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Tendam increases recurring EBITDA by 12.6% and total sales by 5.7% in Q3 2023/24
25 - Jan - 2024
Tendam Brands, one of Europe’s leading omnichannel fashion retailers and the second largest operator in the Spanish market by market share , has today announced the results for the first nine months of its 2023/24 financial year, covering the period from 1 March to 30 November 2023.
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Tendam grows EDITDA by 8.2% to €151 million in the first half of its financial year 2023-24
26 - Oct - 2023
In the first half of financial year 2023-24, total revenues were up 5% to €606.2 million and like-for-like sales grew by +6.2%.
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S&P Global and Moody’s both upgrade outlook on Tendam’s rating
23 - Oct - 2023
The two reports, issued simultaneously, both revise the outlook on Tendam’s rating from stable to positive These upgrades recognise the resilience of Tendam’s results in a volatile environment, its omni-channel strategy and its commitment to reducing debt, among other factors
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Tendam posts 17.7% increase in EBITDA in the first quarter of its 2023 financial year
27 - Jul - 2023
In relation to the company's results for the first quarter of its financial year 2023/2024 Tendam Chairman and CEO Jaume Miquel said:
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General Meeting Of Shareholders | Announcement of dividend distribution
25 - Jul - 2023
The General Ordinary Shareholders' Meeting of Tendam Retail, S.A. (the "Company") has resolved to distribute dividends
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Tendam’s omnichannel ecosystem drives 9% rise in sales in financial year 2022
26 - Jun - 2023
The Tendam ecosystem, which combines digital and brick-and-mortar stores with advanced analytics, has proven its ability to deliver consistent growth and profitability These results evidence the successful implementation of the Tendam 5.0 strategic plan, which has delivered strong operational and financial fundamentals to underpin a new phase of development Total sales increased by almost €100 million (+8.8%) to €1.21 billion in financial year 2022. Like-for-like sales were up more than 10% year on year
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General meeting of shareholders
23 - Jun - 2023
The Board of Directors of Tendam Retail, S.A. (the “Company”) has decided to call the Ordinary Annual General Meeting of the Company, to be held at the registered offices in Madrid, Avenida del Llano Castellano No 51, on 24 July 2023 at 12:00 on first call or, if quorum is not made, on second call on the following day, 25 July 2023, at the same time and in the same place, to address the following
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Tendam grows revenues by 8.6% in the first nine months of 2022 to stand at a record high for the 9M period thanks to its new brands and omnichannel ecosystem
26 - Jan - 2023
With positive sales across all channels, the company's results confirm the excellent operational performance of its efficient omni-channel ecosystem. Tendam posted record 9M sales in 2022.
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Announcement of share capital decrease of Tendam Retail, S.A. with capital repayment to shareholders and registered shares coupons replacement
24 - Jan - 2023
Pursuant to articles 319 and 117 of the Spanish Corporate Enterprises Act, the following is made public:
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Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam create an association for the collective management of textile waste in Spain
12 - Jan - 2023
Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam have created the Association for Textile Waste Management, with the aim of managing clothing and footwear waste generated in the Spanish market, through a Collective System of Extended Producer Responsibility (SCRAP). With the constitution of this association, officialised yesterday in Museo del Traje, the associated companies want to give a collective boost to textile recycling in Spain, advancing towards a circular model through the correct management of waste from the sector.
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Tendam beats expectations in the first half of 2021 growing sales by 65% and recovering pre-pandemic levels a year early
12 - Dec - 2022
Tendam consolidates its recovery by growing 65% in the first half of 2021 and reaches pre-pandemic sales levels
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Tendam brands present in the Spanish Pavilion store at Expo Dubai 2020
12 - Dec - 2022
This space, which emerged from the public-private collaboration at Expo Dubai 2020, is a good showcase for Tendam. The Spanish company has a selection of sustainable clothe and accessories from the Women'secret, Springfield and Pedro del Hierro brands.
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Tendam Brands reduces gross debt by 19.3% and extends maturity
06 - Oct - 2022
Tendam Brands announces today the early redemption of €534.1 million in debt, two years ahead of the maturity date for its 2017 bond issues.
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Tendam launches its tenth own brand with OOTO: a sustainable clothing label geared towards men
07 - Sep - 2022
Tendam, one of the leading European omnichannel groups in the specialised fashion sector, has announced the launch of its latest brand: OOTO. Of the new clothing labels launched by Tendam in the last 18 months, this is the first to be aimed at male customers. Designed from scratch with the help of the Cortefiel design team, this new brand was created by Andrés Velencoso.
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Announcement of share capital decrease of Tendam Retail, S.A. with capital repayment to shareholders and registered shares coupons replacement
01 - Sep - 2022
The Board of Directors of Tendam Retail, S.A. (The “Company”) has decided to call a General Meeting of Shareholders of the Company, to be held at the registered offices in Madrid, Avenida del Llano Castellano No 51, on 30 August 2022 at 12:00 h, at the first call or, if the necessary quorum is not met, at the second call on the following day, 31 August 2022, at the same time and in the same place, as per the following.
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General Meeting of Shareholders
01 - Aug - 2022
The Board of Directors of Tendam Retail, S.A. (The “Company”) has decided to call a General Meeting of Shareholders of the Company, to be held at the registered offices in Madrid, Avenida del Llano Castellano No 51, on 30 August 2022 at 12:00 h, at the first call or, if the necessary quorum is not met, at the second call on the following day, 31 August 2022, at the same time and in the same place, as per the following.
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Tendam posts robust 18.6% increase in sales and grows market share in first quarter of 2022
28 - Jul - 2022
Tendam's impressive performance has positioned the company comfortably above pre-pandemic levels, with like-for-like sales up +11.3% versus 2019 and digital sales climbing from 8% to 17% of the total in Spain.
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Tendam posts 90% increase in EBITDA to €277.2m in 2021 as sales climb by 43.3%
23 - Jun - 2022
The company has kicked off its financial year 2022 with an outstanding Q1 performance in both sales and EBITDA.
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Announcement of reduction of share capital with capital repayments and replacement of registered securities
06 - May - 2022
Pursuant to articles 319 and 117 of the Spanish Capital Companies Act, the following is made public:
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Moody’s upgrades Tendam’s rating to B1 with stable outlook
11 - Mar - 2022
The upgrade reflects Tendam's good operational performance in 2021 and its substantially stronger credit metrics than initially expected, which have recovered to almost pre-pandemic level.
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Tendam temporarily suspends operations in Russia
05 - Mar - 2022
The decision to temporarily suspend operations will be implemented providing the greatest protection for all employees and partners.
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S&P Global upgrades Tendam’s rating to B+ with stable outlook
01 - Feb - 2022
Tendam's rating is upgraded on the back of its robust recovery and deleveraging.
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Tendam makes early repayment in full on €132.5m ICO loan granted in 2020
31 - Jan - 2022
Tendam’s robust post-Covid recovery, its solid cash position and positive outlook triggered its decision to repay the ICO loan in its entirety.
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Tendam locks in its recovery, increases profitability and exceeds pre-pandemic levels in Q3 2021
27 - Jan - 2022
Tendam Brands, Tendam’s parent company and one of Europe’s leading omni-channel fashion retailers, today announces its results for the period from 1 September through 30 November 2021.
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Tendam is upgraded to A- by the Carbon Disclosure Project (CDP) for its progress on climate change
24 - Jan - 2022
This new upgrade reflects the company's strategy in its ongoing efforts to reduce its CO2 emissions and minimise its climate impact.
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Tendam improves its ESG rating and achieves EcoVadis Gold rating for sustainable performance
20 - Jan - 2022
After the Silver medal achieved last year, the Spanish textile company has now achieved the Gold medal, a rating that places it among the top 4% of the companies evaluated by the rating agency in Environmental, Social and Governance matters.
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Tendam’s Emissions Reductions Targets Validated by the SBTi
30 - Nov - 2021
Tendam announces today 30 November that the SBTi initiative endorses the company's CO2 emission reduction targets.
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Tendam beats expectations in the first half of 2021 growing sales by 65% and recovering pre-pandemic levels a year early
28 - Oct - 2021
Tendam grows 65% and recovers pre-pandemic sales level. The company consolidates its recovery by growing 65% in the first half of 2021 and reaches pre-pandemic sales levels
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Tendam brands present in the Spanish Pavilion store at Expo Dubai 2020
05 - Oct - 2021
This space, which emerged from the public-private collaboration at Expo Dubai 2020, is a good showcase for Tendam. The Spanish company has a selection of sustainable clothe and accessories from the Women'secret, Springfield and Pedro del Hierro brands.
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Tendam adheres to Better Cotton Initiative to improve cotton farming globally
12 - Jul - 2021
Tendam, one of Europe’s leading omnichannel fashion retailers, adheres as a member of the Better Cotton Initiative (BCI) to improve cotton production worldwide, reducing the impact in the climate due to its less intensive cultivation.
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Tendam joins the Upskill Spain initiative as a Patron
06 - Jul - 2021
Tendam joins Upskill Spain, the initiative led by Catenon together with Telefónica Tech and NeuroK to boost the digitalisation of thousands of Spanish professionals through training in digital competencies and skills in the areas with the highest level of job creation in the coming years.
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Slowlove steps up growth, hand-in-hand with Tendam
24 - Mar - 2021
Slowlove – which has been working with Cortefiel since last summer – will see enhanced growth thanks to its partnership with Tendam, benefiting from the company’s strong operational structure. Creative control of Slowlove will remain in the hands of its founders, Sara Carbonero and Isabel Jiménez. The Cortefiel, Pedro del Hierro and Hoss Intropia management
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Tendam expands its own brand portfolio with the Springfield High Spirits launch
22 - Mar - 2021
Tendam, one of Europe's leading omni-channel fashion retailers, has announced the launch of a new own brand for women, High Spirits. It is a fresh and original line, designed fully in-house by the team at Springfield, Tendam's most international casualwear brand.
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Women’secret offers a scholarship for a woman to fulfill her professional dream
22 - Mar - 2021
A scholarship of up to €10,000 is the proposal that the leading intimate apparel brand in Spain is offering to celebrate International Women’s Day. This initiative comes together with the documentary “Real Changers”, a film that gives voice to three women who stand out in activities traditionally considered masculine. Education is a key element in
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20,000 trees will be planted in Galicia with the second edition of #BosqueSpringfield
15 - Mar - 2021
Springfield, Tendam’s casualwear brand, is launching its second #Bosquespringfield project as a key initiative within its environmentally friendly label, R[ECO]NSIDER. Its aim is directly focused on creating forest wealth in areas heavily impacted by deforestation, thus helping to create new entire ecosystems
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Hoss Intropia presents the first collection of its new era
24 - Feb - 2021
The brand, acquired by Tendam in November 2019, will be available in the top 20 Cortefiel and Pedro del Hierro stores in Spain Tendam will launch a dedicated online platform for Hoss Intropia, a channel that is expected to account for more than 50% of the brand’s total sales. Hoss Intropia was founded in 1994
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Pedro Del Hierro continues its involvement fighting against Alzheimer’s Disease
22 - Feb - 2021
La firma mantiene su apuesta por las personas mayores bajo el lema ‘Fashion 2nd Life: para que nadie se olvide de sus recuerdos’. Pedro del Hierro colabora con la financiación de un proyecto de investigación basado en inmunoterapia liderado por Cima de la Universidad de Navarra. Por segundo año consecutivo, Pedro del Hierro contribuye
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Cancelada la convocatoria del proyecto Involucrados 2021
05 - Feb - 2021
Esta edición de la convocatoria Involucrados no se podrá llevar a cabo debido a la situación provocada por la Covid-19. Las actividades en las que se basa la convocatoria, ni en las instalaciones donde se realizan habitualmente no se podrían realizar con normalidad. Por ello, la compañía ha tomado la decisión de cancelar la edición
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Tendam posts positive adjusted EBITDA for second quarter running
28 - Jan - 2021
Adjusted EBITDA for the third quarter of the financial year 2020/21 stood at €35.6m (€3.5m pre-IFRS 16). The 16.7% drop in like-for-like sales and 23.1% drop in total sales clearly reflected the restrictions implemented to tackle the second wave of Covid-19, particularly in November. Online sales were up 79% year-on-year, accounting for 20% of sales
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Tendam receives Silver Medal in CSR from EcoVadis
20 - Jan - 2021
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
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Tendam adheres to Forética
17 - Dec - 2020
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
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CDP recognises Tendam’s efforts in the fight against climate change
15 - Dec - 2020
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,
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Tendam posts positive EBITDA and EBT in Q2 2020/21
29 - Oct - 2020
Tendam Brands, the parent company of the Group, one of Europe’s leading omni-channel groups in the specialist fashion sector, today announced its results for the period 1 June to 31 August 2020. The company posted a return to profit in the second quarter of its fiscal year 2020/21, reaching pre-IFRS16 adjusted EBITDA of €31 million and EBT (earnings before taxes) of €8.7 million.
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Tendam posts positive EBITDA and EBT in Q2 2020/21
29 - Oct - 2020
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
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The Fashion Pact: first steps towards industry transformation
12 - Oct - 2020
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..
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Tendam presents its Sustainability Report
09 - Sep - 2020
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.
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Tendam incorporates leading brands into its e-commerce offering and evolves its model of multi-brand online stores
08 - Sep - 2020
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
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Tendam’s online sales grow by 54% in the first quarter of financial year 2020/21 and positively offset drop in total revenues
29 - Jul - 2020
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 the entire period due to the Covid-19 pandemic.
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Tendam’s total sales grew by 3.2% to 1.19 billion euros and adjusted EBITDA stood at 162 million euros in financial year 2019/20
25 - Jun - 2020
Tendam Brands, the parent company of the Group, one of Europe's leading fashion retailers operating in the specialised chain segment through the brands Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty, has announced the results for its 2019/2020 financial year, running from 1 March 2019 to 29 February 2020.
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Banks back Tendam’s plan with €132.5 million
11 - May - 2020
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
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Almost one hundred Tendam brand stores now open to the public on international markets
07 - May - 2020
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
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TENDAM is donating over €1 million worth in clothes and is processing the delivery of healthcare material worth over a further million.
22 - Apr - 2020
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 health sector
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Tendam to close the stores of its brands in the Community of Madrid, the Basque Country and La Rioja
13 - Mar - 2020
Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty will increase their online capabilities and offer customers free delivery and extended return periods.
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Tendam to close temporarily all of its stores in Spain.
13 - Mar - 2020
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.
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TENDAM will consume renewable energy supplied by ENDESA in all its Spanish stores and operations
05 - Mar - 2020
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.
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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
28 - Jan - 2020
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
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TENDAM joins the Fashion Pact
15 - Jan - 2020
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 reaching the goal of limiting global temperature rises to 1.5ºC.
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Tendam acquires the Hoss/Intropia brand for its growing portfolio
25 - Nov - 2019
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..
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Tokyo takes to the stage of the most attractive cities for retail ahead of the Olympic Games
31 - Oct - 2019
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.
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TENDAM posts growth in sales and margins during Q2 of its 2019/20 financial year
28 - Oct - 2019
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 to €93.1 million.
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Presentation of the X edition of the SERES Awards
08 - Oct - 2019
Presentation of the X edition of the SERES Awards. Directors of almost 150 SERES companies celebrate 10 years of social commitment
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Cortefiel supports the Cadete Foundation with a donation to the project Perfectos Imperfectos
30 - Sep - 2019
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.
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Tendam celebrates world cleaning day with a waste collection in the sierra de Madrid
24 - Sep - 2019
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
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Tendam continues to improve its margins in Q1
29 - Jul - 2019
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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Opening of the first Fifty store in Mexico, in the city of Santiago de Querétaro.
16 - Jul - 2019
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
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Results of Tendam Brands for the 2018/19 financial year
26 - Jun - 2019
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.
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Moody’s upgrades Tendam Brands’ rating to “B1”, with a stable outlook
26 - Jun - 2019
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.
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The Board of Directors appoints Jaume Miquel as new Executive Chairman of Tendam
03 - Jun - 2019
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,
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S&P Global upgrades Tendam Brands to ‘B+’ with a stable outlook
22 - May - 2019
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.
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Coming fashion: sustainable with the environment, affordable for the consumer
21 - May - 2019
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.
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Tendam launches the multibrand collection in 263 stores of the group in Spain
24 - Apr - 2019
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.
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Tendam consolidates its presence in Armenia and Kazakhstan
02 - Apr - 2019
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 stores in the capital.
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Involucrados 2018 completes its XIII edition with a successful mobilization and beats revenue collection records
31 - Jan - 2019
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.
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Tendam posts profits in excess of €43 million for the first nine months of its 2018/2019 financial year
28 - Jan - 2019
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).
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Tendam posts profit growth to €39 million for the first half of its 2018/2019 financial year
29 - Oct - 2018
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
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New York, Los Angeles and Singapore crowned the ‘hottest’ cities for fashion
18 - Oct - 2018
Two Spanish cities feature among the world’s top 100 retail cities: Barcelona is ranked 29th, while Madrid sits in 36.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
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Women’secret creates the #SIMEIMPORTA movement to help those who have suffered breast cancer.
11 - Oct - 2018
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.
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Merino Traveller, a fashion project that adds design, renewable raw material and training for employment
05 - Oct - 2018
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 Aguayo, The Woolmark Company country manager Francesco Magri and the of ACME executive director Pepa Bueno received the three Merino Traveler project winners, Marta García, Rebeca Sarabia and Marta Díaz.
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Women’secret opens a new store in Paris. The lingerie brand is growing in rue Montmartre
12 - Sep - 2018
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
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Springfield launches R[ECO]NSIDER
07 - Sep - 2018
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.
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Tendam appoints Mar Oña as Director of Legal Services and Secretary of the Board of Directors
06 - Sep - 2018
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.
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Tendam: Q1 2018/19 results
26 - Jul - 2018
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.
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Tendam opens its first stores in Iraq
17 - Jul - 2018
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 history. The shopping centre opened its doors in 2013 in the business district of the city and marked the beginning of a new stage in the life of Baghdad.
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Pedro del Hierro returns to present its new autumn/winter 2018 collection at Mercedes Benz Fashion Week Madrid
09 - Jul - 2018
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
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Women’secret supports with a donation Dexeus Foundation Women’s fertility preservation program
06 - Jul - 2018
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).
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Women’secret award for Business Innovation during the 11th edition of the
06 - Jul - 2018
The award was accepted by Eva Romeo and doctor Barri during the gala held by the financial newspaper that was attended by the Minister of Science, Innovation and Universities, Pedro Duque; the Secretary of State for Communication, Miguel Ángel Oliver; Josu Jon Imaz, CEO of Repsol; Manuel Polanco, president of PRISA; Gonzalo Gortázar, CEO of CaixaBank; Alejandro Martínez Peón, CEO of PRISA News; and Ricardo de Querol, director of Cinco Días, in addition to Jaume Miquel, CEO of Tendam and Miguel Ibarrola, president of Tendam.
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Tendam: results for the 2017/18 financial year
27 - Jun - 2018
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%.
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Tendam signs agreement with the Universidad Politécnica de Madrid to promote sustainable fashion design
10 - May - 2018
Under the terms of the agreement, the Tendam Classroom – Advanced Fashion Design Centre for Sustainability, Responsibility, and Innovation in Fashion Design will be created
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Tendam triumphs at XII World Retail Awards
20 - Apr - 2018
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.
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Grupo Cortefiel is renamed Tendam
17 - Apr - 2018
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
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Marc Calabia Is Appointed Managing Director Of Springfield
15 - Mar - 2018
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.
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Grupo Cortefiel improves adjusted EBITDA by 81,7% to reach 111 million euros
06 - Feb - 2018
Total income stood at 810.3 million euros, up by almost 4%
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Women’secret opens a store in Catania
31 - Jan - 2018
A new space in Sicily ads to a year of international expansion for the brand.
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Tendam Hires Pedro Esquivias as Chief Customer Oficcer
11 - Jan - 2018
The Chief Customer Officer, a newly created position within the Group, will sit on the Management Committee and reporting to the CEO.
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Cortefiel Brand continues its expansion with new opening in Latin America, Middel East an North America
02 - Jan - 2018
The brand expands through Algeria, Lebanon, Jordan, Pakistan, Chile, Peru and Guatemala
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Grupo Cortefiel reinforces its presence in Cuba and Costa Rica
20 - Dec - 2017
The Spanish textile group is growing in the Caribbean with these new openings
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Women’secret opens a store in Paris
17 - Dec - 2017
Women’secret opens its fifth store in France on Rue de Passy in the fashionable 16th arrondissment
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Women’secret dazzed last night at the Women´secret Night with Elsa Pataky and a spectacular fashion show
03 - Nov - 2017
Elsa Pataky, image of the firm for the fourth consecutive year, attended the highly anticipated Women'secret Night, presented by model Juan Betancourt.
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Miguel ángel Silvestre and Andrea Molina present Springfield’s new winter campaign
31 - Oct - 2017
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
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Eva González and José Coronado protagonize Cortefiel’s campaign “Algo que compartir”
19 - Oct - 2017
Cortefiel, a Spanish fashion brand since 1945, has presented its campaign for this Fall-Winter 2017 season: ‘Algo que compartir’ ('Something to share').
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Women’secret and Dexeus Mujer, united in the fight against breast cancer
04 - Oct - 2017
The solidarity initiative “COSAS QUE SÍ IMPORTAN” (THINGS THAT DO MATTER) presents a collection of underwear and swimwear aimed at women with breast cancer
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Elsa Pataky protagonizes Women’secret’ s new film noir
20 - Sep - 2017
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.
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Women’secret opens a store in Lyon
19 - Sep - 2017
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.
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Springfield inaugurates Three Points of Sale in Slovenia
22 - Aug - 2017
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.
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Cortefiel and Pedro del Hierro open new stores in Russia
22 - Jun - 2017
The brand Pedro del Hierro starts its commercial activity in the country
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Now you can pay securely and easily using your phone in all Grupo Cortefiel stores with the Android Pay app
18 - Jun - 2017
Grupo Cortefiel has incorporated payments using your smartphone in all of its five chains in Spain through the Android Pay app.
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Grupo Cortefiel lands in Havana with the opening of its first Women’secret store in Cuba
26 - May - 2017
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.
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Ramón Amorós, new Director General of Human Resources for Grupo Cortefiel
06 - Apr - 2017
Ramón Amorós will join Grupo Cortefiel in late April as Director General of Human Resources.
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Grupo Cortefiel announces the appointment of a new Fifty Factory General Manager
13 - Feb - 2017
Raúl Ramírez Hidalgo, new Fifty Factory general manager
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Marie Castellvi-Dépéé, appointed Cortefiel and Pedro del Hierro General Manager
06 - Feb - 2017
Grupo Cortefiel is pleased to announce the appointment of Marie Castellvi-Dépée as Cortefiel and Pedro del Hierro General Manager.
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Grupo Cortefiel donates more than €131,000 to the four beneficiaries of the 2016 ‘Get Involved’ Project
29 - Jan - 2017
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.
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Grupo Cortefiel signs an ambitious expansion agreement in India
03 - Dec - 2016
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.
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Eva Romeo, Women’secret General Director
03 - Nov - 2016
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.
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Replacement at Grupo Cortefiel new Group Finance Director
03 - Oct - 2016
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.
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Jaume Miquel new Chief Executive Officer
31 - Aug - 2016
Jaume until now held the Managing position for Cortefiel
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Springfield launches a new campaign targeting the millennials
22 - Jul - 2016
Mario Casas and Úrsula Corberó: the ambassadors of the new campaign star the new fashion films that will launch Springfield’s summer big wave.
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Women’secret presents their first boat movie starring Blanca Suárez
21 - Apr - 2016
Women’secret continued to innovate with its campaigns, this time opting for a cutting-edge format: a Boat Movie.
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The “Involved” initiative hits the figure of €1 million raised for solidarity projects on its X Anniversary
04 - Feb - 2016
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
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Special report
Special report
Tendam redeems its 2022 Notes four years before maturity and reduces its financing costs by 40%
26 - Mar - 2024
The company is redeeming €110 million in outstanding Notes before maturity. Following the partial redemption in October 2023, this transaction represents the redemption in full of the €300 million issuance of Floating Rate Senior Secured Notes due in 2028 completed in October 2022