Latest news with #Cortefiel
Fashion Network
12 hours ago
- Business
- Fashion Network
Cortefiel expands into Ireland with 10 new points of sale
Home › News › Retail Translated by Roberta HERRERA Download Print Translated by Roberta HERRERA The Tendam-owned brand has officially entered the Irish market as part of its broader international expansion strategy. Cortefiel has launched 10 retail corners inside Shaws department stores, each designed under its latest store concept. The brand makes its debut in Ireland with 10 points of sale, showcasing its latest spring/summer collections. - Ig: @cortefiel_official Dubbed 'Loft,' the brand's updated retail aesthetic embraces a minimalist and open layout, incorporating natural materials such as stone finishes and wooden furnishings. Each new point of sale will feature the full Spring/Summer collection from Cortefiel's womenswear line. The brand now has a presence in Athlone, Ballina, Carlow, Castlebar, Fermoy, Limerick, Portlaoise, Tralee, Waterford and Wexford, covering a combined footprint of 600 square meters. With its arrival in Ireland, Cortefiel bolsters Tendam's growing footprint in the country. The group currently operates 32 locations in the Irish market, including 15 stores under the Springfield banner and seven locations of lingerie brand Women'secret. All three brands are also distributed locally through Tendam's e-commerce platform. Founded in 1945, Cortefiel was the inaugural brand launched by the Tendam Group—formerly known as Grupo Cortefiel—which also owns Women'secret, Springfield, Pedro del Hierro, Hoss Intropia, Slowlove, High Spirits, Dash and Stars, OOTO, Milano, Fifty and Hi&Bye. Today, the brand maintains a presence in 46 countries, operating a commercial network of more than 256 points of sale. Today, the group oversees more than 1,760 points of sale—including owned stores, franchises and department store concessions—across more than 80 global markets. Its digital presence extends to over 33 branded websites. On the financial front, Tendam reported revenues of €253.8 million in the first quarter of its 2024 fiscal year, marking a 4.6% year-over-year increase. Among the company's latest strategic developments is the acquisition of a 67.91% stake by Multiply Group, the investment arm of the Abu Dhabi royal family. news_translation_auto Click here to read the original article. Copyright © 2025 All rights reserved. Tags : Fashion Ready-to-wear Fashion Retail
Fashion Network
13 hours ago
- Business
- Fashion Network
Cortefiel expands into Ireland with 10 new points of sale
The Tendam-owned brand has officially entered the Irish market as part of its broader international expansion strategy. Cortefiel has launched 10 retail corners inside Shaws department stores, each designed under its latest store concept. Dubbed 'Loft,' the brand's updated retail aesthetic embraces a minimalist and open layout, incorporating natural materials such as stone finishes and wooden furnishings. Each new point of sale will feature the full Spring/Summer collection from Cortefiel's womenswear line. The brand now has a presence in Athlone, Ballina, Carlow, Castlebar, Fermoy, Limerick, Portlaoise, Tralee, Waterford and Wexford, covering a combined footprint of 600 square meters. With its arrival in Ireland, Cortefiel bolsters Tendam's growing footprint in the country. The group currently operates 32 locations in the Irish market, including 15 stores under the Springfield banner and seven locations of lingerie brand Women'secret. All three brands are also distributed locally through Tendam's e-commerce platform. Founded in 1945, Cortefiel was the inaugural brand launched by the Tendam Group—formerly known as Grupo Cortefiel—which also owns Women'secret, Springfield, Pedro del Hierro, Hoss Intropia, Slowlove, High Spirits, Dash and Stars, OOTO, Milano, Fifty and Hi&Bye. Today, the brand maintains a presence in 46 countries, operating a commercial network of more than 256 points of sale. Today, the group oversees more than 1,760 points of sale—including owned stores, franchises and department store concessions—across more than 80 global markets. Its digital presence extends to over 33 branded websites. On the financial front, Tendam reported revenues of €253.8 million in the first quarter of its 2024 fiscal year, marking a 4.6% year-over-year increase. Among the company's latest strategic developments is the acquisition of a 67.91% stake by Multiply Group, the investment arm of the Abu Dhabi royal family.
Fashion United
4 days ago
- Business
- Fashion United
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 its entry into Ireland. Under the terms of the partnership, Cortefiel launched ten points of sale within selected Shaws Department Stores located across sixteen Irish cities. These openings marked Cortefiel's debut in the Irish market, with the ten points of sale situated in Shaws shopping centres in Athlone, Ballina, Carlow, Castlebar, Fermoy, Limerick, Portlaoise, Tralee, Waterford, and Wexford. Collectively, these points of sale cover more than 600 square metres, all dedicated to Tendam Group's flagship brand's womenswear offering. Cortefiel has begun marketing its latest women's Spring/Summer 2025 (SS25) collections in the country. Notably, Cortefiel's entry into Ireland in partnership with Shaws did not follow the independent store model previously used by Cortefiel and other Tendam brands for international expansion. Instead, the company adopted a new 'corner' format. This point-of-sale model allows the brand to take a more dynamic and flexible approach to international growth. Presented as a new store concept called 'Loft,' rather than a one-off initiative, this format suggests plans for broader implementation in other markets. In Ireland, this corner model will drive the brand's physical retail presence, complemented by online sales through both Cortefiel's and Shaws' websites. In the context of this partnership with Shaws, 'the brand launched its new 'Loft' store concept in all Irish Cortefiel points of sale,' stated Tendam in a press release. Regarding this format, the company explained, 'the new 'Loft' visual store concept was designed to showcase the collections in their entirety and offer styling options through flexible furniture.' From an experiential standpoint, the model 'conveys a sense of spaciousness through the use of stone materials' and 'natural woods that add contrast to the minimalist lines of the overall design.' With this latest move, Cortefiel has added ten new points of sale in a corner format to the 246 it already operates across Asia, Africa, the Americas, and Europe. Tendam has thus strengthened its presence in the Anglo-Saxon market, particularly in Ireland, where the Spanish company now operates thirty-two points of sale: fifteen Springfield stores, seven Women'secret stores, and ten Cortefiel corners within Shaws' shopping centres. These physical operations are complemented by online sales from each of Tendam's brands. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Khaleej Times
25-02-2025
- Business
- Khaleej Times
Abu Dhabi's Multiply buys 67.9% stake in Spanish fashion retailer Tendam
Abu Dhabi's investment holding firm Multiply Group has agreed to buy a 67.9% stake in Spanish fashion retail company Tendam, which owns Cortefiel and Pedro del Hierro brands, among others, from international funds CVC And PAI Partners, Multiply and Tendam said. Without disclosing the value of the deal, they said in a statement on Tuesday the funds would remain minority shareholders in Tendam. Spain's third-largest fashion retailer, whose other popular brands include Springfield and Women's Secret, had planned to launch an initial public offering by early 2025, but its chief executive said in October that it had been postponed due to the impact of the global political turmoil on stock markets. Tendam's sales for the full year to January were 1.4 billion euros, the same as the prior year, according to the statement.
Zawya
25-02-2025
- Business
- Zawya
Abu Dhabi's Multiply buys majority stake in Spanish fashion co Tendam, sources say
Abu Dhabi's investment firm Multiply Group has agreed to take a majority stake in Spanish fashion retail company Tendam, which owns Cortefiel and Pedro del Hierro brands, among others, three sources with knowledge of the matter said on Tuesday. Multiply is buying part of the stakes held by funds CVC and PAI Partners, amounting to a total nearly 68% of Tendam, one of the sources told Reuters. (Reporting by Andres Gonzalez and Corina Pons, writing by Andrei Khalip)
