Multiply Group acquires 67% stake in Spanish fashion conglomerate Tendam

Multiply Group, the Abu Dhabi royal family's investment vehicle, has acquired a 67% stake in Tendam, the owner of Cortefiel, Springfield, and Pedro del Hierro, in a deal that values the company at over €1 billion.

Feb 26, 2025 - 12:10
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Multiply Group acquires 67% stake in Spanish fashion conglomerate Tendam
Multiply Group, the Abu Dhabi royal family's investment vehicle, has acquired a 67% stake in Tendam, the owner of Cortefiel, Springfield, and Pedro del Hierro, in a deal that values the company at over €1 billion.