Multiply Group: Who is the new owner of Tendam, and how will it boost its value?

Madrid – The Spanish fashion scene, and potentially the international fashion scene, was shaken on February 25, 2025, following the unexpected announcement and official confirmation that Emirati company Multiply Group had become the new dominant shareholder in Tendam Group. The Spanish fashion multinational, which owns chains such as Cortefiel, Springfield, and Women’secret, ended its nearly 20-year period under the ownership of investment funds CVC Funds and PAI Partners, and began a new chapter under the control of a new investment partner. But who are the company’s new owners, and, more importantly, how will they try to increase its value?