Multiply Group Completes Acquisition of Tendam, Doubling Operational EBITDA and Expanding Global Footprint
• Tendam is Spain's second-largest apparel group by market share and one of Europe’s leading omnichannel apparel groups.
• Tendam’s 12 well-established owned fashion brands offer diversity and international exposure, further deepening the Group’s presence in consumer-focused industries.
• The transaction, valued at AED 5.6 billion (€ 1.3 billion) enterprise value, positions Multiply Group as a key player in the global Retail & Apparel landscape.
: Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based investment holding company that invests in and operates businesses globally, today completed its first major investment in Europe with the acquisition of a majority stake in Tendam, Spain’s second-...