{"id":98551,"date":"2025-07-24T16:38:44","date_gmt":"2025-07-24T12:38:44","guid":{"rendered":"https:\/\/lovin.co\/dubai\/?p=98551"},"modified":"2025-07-24T16:38:44","modified_gmt":"2025-07-24T12:38:44","slug":"multiply-group-makes-a-bold-move-to-take-over-the-global-retail-scene","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/sponsored\/multiply-group-makes-a-bold-move-to-take-over-the-global-retail-scene\/","title":{"rendered":"Multiply Group Makes A Bold Move To Take Over The Global Retail Scene"},"content":{"rendered":"

Buckle up because Multiply Group just made a major move and it\u2019s shaking up the global retail game in a way you didn\u2019t see coming. If you thought the UAE was all about real estate and tech, think again, because Multiply is diving into the world of fashion, and they\u2019re doing it in a big way.<\/p>\n

Say hello to their latest power move: the acquisition of Tendam, Spain\u2019s second-largest apparel group! Multiply Group now holds a majority stake in Tendam, and the impact? Huge. This deal, valued at \u20ac1.3 billion enterprise value, means Multiply\u2019s operational EBITDA has officially doubled.<\/p>\n

A true fashion fashion giant with some serious style<\/h2>\n

So, who is Tendam? Well, they\u2019re one of Europe\u2019s top omnichannel apparel groups, with a portfolio that includes some seriously popular brands like Women\u2019s Secret, Springfield, Cortefiel, and Pedro del Hierro. With over 1,800 points of sale spread across across more than 80 countries, including Spain, Portugal, the UAE and Latin America, Tendam\u2019s not just making waves, they\u2019re dominating the retail scene. And now, Multiply Group is taking the reins.<\/p>\n

Multiply Group has locked in a 67.91% majority stake in Castellano Investments S.\u00c0 R.L., the parent company behind Tendam. With this acquisition, Multiply is set to expand Tendam\u2019s footprint even further, and you know what that means! More fashion, more growth, and more global domination!<\/h3>\n
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A post shared by Multiply Group (@multiplygroupae)<\/a><\/p>\n<\/div>\n<\/blockquote>\n