The Tendam Group achieved revenues of € 606.2 million during the first half of its fiscal year, spanning from 1st March to 31st August 2023. This represents a 5 per cent increase in sales compared to the same period in 2022. The company, which owns brands like Cortefiel, Springfield, and Women’secret, increased its recurring EBITDA by 8.2 per cent to € 151 million.
“Tendam continues to demonstrate solid performance that aligns seamlessly with the Tendam 5.0 strategy,” commented Jaume Miquel, president and CEO of the group.
The company’s Tendam 5.0 strategy includes initiatives like expanding its omnichannel strategy, launching new brands (Hi&Bye, a line of pants aimed at Generation Z, and the Springfield Kids line were introduced in the first half of 2023), and bolstering the portfolio of its existing in-house brands. In both its retail locations and online sales, this business model entails collaborating with outside brands. With 150 brands available in the group’s marketplace as of the first half of current fiscal year, that number is significant.
Tendam also stated in its results report that “all core brands experienced growth during the semester,” with Cortefiel and Pedro del Hierro seeing an 8.3 per cent increase in sales. Mexico is a key market in the conglomerate’s global expansion strategy, and it receives a lot of attention internationally. Sales in Mexico rose by 20.4 per cent, and the company currently has 120 sales locations in the country.
In addition, the financial statement indicates that as of the end of August, the gross margin was 63.3 per cent, which represents a 1 per cent improvement over the same period in 2022. The company attributes this increase to “a more favourable inventory position and reduced cost pressure within the supply chain.”
The fashion company expanded its commercial network with 25 openings within the last year, concluding the previous quarter with a total of 1,829 points of sale. Among these, 1,172 were self-managed stores and corners, and 657 were franchises.
Bharat Tex Special Report 2026 
