Tendam's profit surges 26% and nears €1.5bn revenue after Abu Dhabi investmentExecutive summary: Tendam reported a 26% profit increase and revenue approaching €1.5bn, with a 6.8% sales rise and plans for 100 new stores in 2026. The profit jump and revenue growth illustrate the impact of the Abu Dhabi investment and the company's expansion strategy on financial performance. Tendam's management, Abu Dhabi investors, and the retail store network including Cortefiel, Springfield and Women'secret. Tendam is expected to continue its store expansion, monitor labour cost pressures, and possibly face regulatory scrutiny as it scales operations.Tendam, the textile group that owns Cortefiel, Springfield and Women'secret, reported a 26% increase in profit and revenue close to €1.5bn, driven by the entry of Abu Dhabi investors and a 6.8% rise in sales across its adult and specialist segments. The company plans to open 100 new stores in 2026. The results reflect both the financial infusion and the expansion strategy.Connected developmentsRising labour costs in SpainAbu Dhabi renewable investments in SpainOpen the full case file on Beyond →
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