Pedro del Hierro news and archive

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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...

BusinessFeatured

Tendam posts increase in Q3 sales and profit

Tendam Brands, the parent company of the Tendam Group posted a 3.6 percent increase in sales and 2.5 percent in like-for-like sales to 256.3 million euros (282.3 million dollars) during the third quarter. The company said in a statement, sales for the first ninth months of the 2019/2020 totalled 815.8 million euros (899 million dollars),...

People

Tendam CEO becomes executive chairman

The board of directors of Tendam Brands, the parent company of Spanish clothing group Tendam, which owns brands Cortefiel, Pedro del Hierro, Springfield, Women'secret and Fifty, has appointed CEO Jaume Miquel as executive chairman of the company. Miquel has been CEO of Tendam since 2016, a responsibility that he will combine with the new...

Fashion|INTERVIEW Featured

Tendam on its name change, omnichannel strategy and future plans

Amsterdam - It’s been just over a year since European fashion retailer Tendam, formerly known as Grupo Cortefiel, announced a change of name as part of the group’s ongoing strategic plan to address the future challenges of internationalisation, growth and digitisation. In the past two years, since the announcement of its restructuring plans, the...