Multiply Group has acquired a controlling stake in Tendam, positioning itself as a key player in the European fashion retail market with significant growth potential.

Target Information

Tendam is the second-largest fashion group in Spain by market share and one of the leading omnichannel fashion groups in Europe. With a portfolio of twelve recognized brands, Tendam offers a diverse range of products that cater to various consumer segments, which further strengthens Multiply Group's presence in the consumer sector.

The recent transaction values Tendam at 5.6 billion United Arab Emirates Dirhams (approximately 1.3 billion Euros), positioning Multiply Group as a significant player in the global retail and fashion market. The acquisition grants Multiply Group a controlling stake, which is expected to enhance its operational EBITDA significantly.

Industry Overview in Spain

The fashion retail landscape in Spain is marked by a growing emphasis on omnichannel strategies, where brands are not only focusing on physical stores but also bolstering their online presence. With over 1,80