{"id":95585,"date":"2025-02-27T12:20:32","date_gmt":"2025-02-27T08:20:32","guid":{"rendered":"https:\/\/lovin.co\/dubai\/en\/?p=95585"},"modified":"2025-02-27T18:03:36","modified_gmt":"2025-02-27T14:03:36","slug":"a-uae-group-is-taking-over-fashion-with-major-stakes-in-spains-top-retailer","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/latest\/a-uae-group-is-taking-over-fashion-with-major-stakes-in-spains-top-retailer\/","title":{"rendered":"A UAE Group Is Taking Over Retail With MAJOR Stakes In Spain\u2019s Top Omnichannel Apparel Group"},"content":{"rendered":"

UAE\u2019s very own\u00a0Multiply Group<\/b>\u00a0is making BIG moves in the retail world, and this time, they\u2019re setting their sights on apparel!<\/p>\n

The Abu Dhabi-based investment powerhouse has just locked in a\u00a067.91%<\/b>\u00a0controlling stake in\u00a0Tendam<\/i><\/b>, Spain\u2019s second-largest apparel group by market share. This deal is more than just a big win for Multiply\u2026it\u2019s a game-changer.<\/p>\n

And it\u2019s nothing minor guys\u2026they\u2019re about to witness a massive boost to their EBITDA post-consolidation and an ICONIC entry into the world of global retail and apparel.<\/p>\n

Tendam isn\u2019t just another clothing company, it\u2019s the owner of major brands like Women\u2019secret, Springfield, and Cortefiel, with a reach that spans over 80 markets, including Spain, Portugal, the UAE, and Latin America<\/h2>\n

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Talk about a GLOBAL impact! Multiply is stepping up its game in the retail space, and with Tendam as the anchor, they\u2019re all in on building their consumer-focused empire.<\/p>\n

So, what\u2019s the big deal for Multiply?<\/strong><\/p>\n

This acquisition ticks all the boxes: it boosts their double-digit EBITDA growth goals, adds a hot new vertical to their portfolio, and opens up huge global expansion opportunities. With Tendam\u2019s already massive presence and omnichannel retail model, Multiply is primed to ride the wave of the \u20ac1.3 trillion global apparel market.<\/p>\n

Tendam has been on fire lately, consistently hitting growth targets and expanding its international footprint. And now, Multiply is set to bring the heat with its majority stake.<\/p>\n

With 1,800 points of sale and over 24 million customers, Tendam is at the forefront of blending online and in-store experiences, and Multiply is ready to take things to the next level!<\/h2>\n
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Une publication partag\u00e9e par Multiply Group (@multiplygroupae)<\/a><\/p>\n<\/div>\n<\/blockquote>\n