The retail group, owner of Cortefiel, Springfield and Women’s Secret, has bought Spanish fashion label Intropia that in November 2018 went into liquidation. The value of the transaction has not been disclosed.
The Spanish group, which owns Cortefiel, Springfield and Women'Secret, reported a sales increase of 0.9% to €559.5 million in the first half of the year, boosted by the strong performance of its e-commerce business.
Spanish group Tendam will open three stores in the Ukrainian capital of Kiev for its brands Women'secret and Springfield. The group also hopes to open its first Cortefiel store in Georgia in the autumn.
The board of Spanish fashion group Tendam has appointed Jaume Miquel as its new executive chairman. The appointment will be combined with Miquel’s responsibilities as CEO, a position he has held since 2016.
The Spanish clothing group is back on the growth track and has reduced its debt compared to the previous half-year. The latest performance was boosted by a rise in online sales and an effective stock management.