Cortefiel news and archive

Tendam partners with Shaws to bring Cortefiel to Ireland

With the foundations of its immediate future clarified following the arrival of Emirati firm Multiply Group as the company’s new majority shareholder, Spanish group Tendam has continued to advance its international expansion plan, this time with its flagship brand, Cortefiel. The brand formalised a partnership with Shaws Department Stores for...

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Tendam posts Q1 like-for-like sales growth of 6 percent

In the first quarter, Tendam posted total revenue of 253.8 million euros, up by 4.6 percent year-on-year. Like-for-like revenue increased by 6 percent versus the first quarter of FY2023. Recurring EBITDA for the quarter was 57.1 million euros, up by 10 percent. Commenting on the trading results, Jaume Miquel, chairman of the board of directors...

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Tendam records strong revenue and profit growth, considers IPO

Tendam Brands, the parent company of Tendam, reported revenues in the first half stood at 606.2 million euros, up 5 percent versus the same period last year. The company’s like-for-like sales increased by 6.2 percent. At the end of the first half, Tendam's gross margin stood at 63.3 percent, up 1 percentage point year on year, adjusted EBITDA...

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Tendam posts revenue growth

Tendam Brands reported total sales in the third quarter stood at 263.2 million euros, up 1.7 percent and 2.7 percent, respectively compared to the same period in 2021 and 2019. Tendam's total revenues increased by 8.6 percent to 840.7 million euros in the first nine months of the year. Like-for-like sales were up by 10 percent versus 2021 and...

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Tendam's H1 like-fo-like sales increase by 13 percent

Tendam Brands first half revenues stood at 577.4 million euros, up 12.1 percent year on year. On a like-for-like basis, the company said, sales were up by 13 percent versus 2021 and 8.9 percent versus 2019. Despite the global backdrop, the company added, like-for-like sales in the second quarter climbed 10.4 percent versus 2021 and 6.2 percent...

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Tendam's annual revenues increase by 43.3 percent

Tendam Brands, Tendam’s parent company reported total revenues for the twelve-month period to February 2022 were up by 43.3 percent to 1,113.4 million euros. On a like-for-like basis, the company said, sales were up 22.9 percent versus 2020 and down just 0.3 percent versus 2019. Commenting on the full year trading, Tendam president and CEO Jaume...

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Tendam's Q3 revenues increase by 31.3 percent

Tendam Brands, Tendam’s parent company reported third quarter revenues of 258.8 million euros, up 31.3 percent versus the same period in 2020 and outperforming the sales figure for Q3 2019 by 2.5 million euros. The company said, like-for-like sales between September and November were up 26.5 percent versus the same period in 2020 and 5.7 percent...

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Tendam posts sales and profit rise in H1

Tendam Brands, for the first half period reported total revenues of 515 million euros, up 202.6 million euros year-on-year and representing a 92 percent recovery of 2019 revenues for the same period. Like-for-like sales between March and August were up 19.4 percent versus the same period in 2020 and down by 1.7 percent versus 2019. Between March...

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Tendam posts loss, revenues slide 34.5 percent

Tendam Brands, Tendam’s parent company said that because of the temporary closures, restrictions on movement and limited occupancy numbers that affected most of the markets where Tendam operates, for the year to February 28, 2021, revenues fell by 34.5 percent to 777.2 million euros. The company posted a 17.7 percent dip in a like-for-like...

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Tendam Q3 sales drop by 23.1 percent

Tendam Brands, the parent company of Tendam said, impacted by lockdowns, restrictions and limits on capacity across most of its markets during the second wave of the Covid-19 pandemic, particularly in November, the company’s total sales in the third quarter stood at 197.2 million euros, down 23.1 percent, while like-for-like sales were down 16.7...

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Tendam's Q1 sales decline by 76.2 percent

Tendam Brands, the parent company of the Tendam Group, operating in the specialised chain store segment through the brands Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty, has said that the first quarter reporting period coincided with the peak of the Covid-19 pandemic, with practically all stores fully closed in most of the...

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Tendam Brands annual turnover increases by 3.2 percent

Tendam Brands, operating in the specialised chain segment through the brands Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty, said that its revenues increased by 3.2 percent to 1.19 billion euros (1.34 billion dollars). The company said in a statement that all Tendam brands posted like-for-like sales growth, and footfall at...