Cortefiel owner Tendam aims to double in size over the next five years

Tendam, the Spanish fashion group behind chains such as Cortefiel, Springfield, and Women’secret, aims to double its turnover to nearly €3 billion within five years. Internationalization, acquisitions, and the development of new brands are expected to contribute to this goal.

Three growth engines

For the 2025 financial year, which ends in February, Chairman and CEO Jaume Miquel expects a 6% to 7% increase in turnover to more than €1.47 billion, compared to €1.375 billion in 2024. The ambition is much higher: in five years, Tendam wants to move up to the top of the European market in terms of sales volume, writes fashion magazine Modaes. The new shareholder structure should enable this next phase of growth: almost a year ago, the Multiply Group, an Abu Dhabi-based investment company recently renamed 2PointZero, acquired a majority stake of 67.91% in the fashion group.