TENDAM RETAIL SA
Tendam Retail, S.A. (CIF A08099459), previously registered as Cortefiel, S.A., is a Sociedad Anonima incorporated in Spain on 7 November 1956 and recorded in the Mercantile Registry of Madrid. The company’s registered address is Avenida Llano Castellano, Madrid (28034), and its registry status is Active, with the most recent Mercantile Registry (BORME) filing published on 7 January 2026.
The company is classified under CNAE code 4771, retail trade of clothing in specialised establishments, and operates as part of the wider Tendam fashion retail group, which designs, sources and sells apparel, footwear and accessories through twelve owned brands, including Cortefiel, Pedro del Hierro, Springfield, Women’secret, Hoss Intropia, Slowlove, High Spirits, Dash and Stars, Fifty, OOTO, HI&BYE and Springfield Kids.
The Tendam group trades through more than 1,800 points of sale and runs a loyalty programme with over 27 million members across more than 80 markets, with its largest directly operated presence in Spain, Portugal and Mexico. Online sales reached EUR 231.2 million for the financial year ended 28 February 2026, up 12.9% year-on-year.
The most recent entity-level financial data publicly available for Tendam Retail, S.A. itself dates to the 2016 financial year, when annual turnover was reported at approximately EUR 811 million. At group level, Tendam Brands, S.A.U. reported consolidated revenue of EUR 1.47 billion for the financial year ended 28 February 2026, up 6.8% year-on-year, with EBITDA of EUR 368 million and net profit of EUR 111.7 million. These consolidated figures relate to the wider Tendam group and should not be read as standalone results for Tendam Retail, S.A.
Tendam Retail, S.A. is not itself listed on any stock exchange. Registry filings show 44 registered administrators, and the company’s accounts have historically been audited by Deloitte Auditores, S.L.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Spain does not require public disclosure of a full shareholder register for non-listed Sociedades Anonimas such as Tendam Retail, S.A. beyond Mercantile Registry filings. Corporate-linkage data sourced from the Colegio de Registradores / Registro Mercantil Central identifies Tendam Fashion, S.L. (CIF B84332550) as the entity’s immediate parent within the Tendam corporate structure. This information is dated 15 September 2026 (last registry synchronisation) and represents a single disclosed corporate shareholder rather than a full capitalisation table; the direct ownership percentage held by Tendam Fashion, S.L. was not disclosed in the sources reviewed. No individual (natural person) shareholders are disclosed at this level, which is consistent with Tendam Retail, S.A. operating as a wholly-integrated subsidiary rather than a standalone holding vehicle.
### Ultimate beneficial ownership
No single effective ownership percentage can be calculated for Tendam Retail, S.A. because intermediate holdings in the chain between Tendam Fashion, S.L. and the group’s ultimate holding company, Castellano Investments S.a r.l. (Luxembourg, RCS B216667), are not disclosed. At the top of that chain, official transaction announcements confirm that Two Point Zero Group P.J.S.C. (formerly Multiply Group PJSC, Abu Dhabi) acquired a controlling 67.91% stake in Castellano Investments S.a r.l., completed on 23 July 2025, with CVC Capital Partners funds (via Llano Holdings S.a r.l.) and PAI Partners funds (via Arcadian Investments S.a r.l.) retaining minority interests. This is reported as a verified controlling stake at the ultimate holding company level, not as a calculated effective percentage in Tendam Retail, S.A. itself.
### Data availability
Shareholder disclosure for Tendam Retail, S.A. is classified as Major shareholders only / Partial: the immediate corporate parent is identified through registry-sourced data, but intermediate ownership percentages within Spain are not publicly disclosed, while the ultimate controlling transaction is disclosed because the top-tier owner is a company listed on the Abu Dhabi Securities Exchange.
### Sources
– Colegio de Registradores / Registro Mercantil Central, company registry data, retrieved 15 September 2026, https://www.registradores.org
– CVC Capital Partners, “Multiply Group signs landmark investment with CVC and PAI Partners to secure a controlling stake (67.91%) in Tendam”, published 25 February 2025, retrieved 16 September 2026, https://www.cvc.com/media/news/2025/multiply-group-signs-landmark-investment-with-cvc-and-pai-partners-to-secure-a-controlling-stake-6791-in-tendam-with-the-transaction-expected-to-double-multiply-s-operational-ebitda-post-consolidation/
– Business Wire, “Multiply Group Completes Acquisition of Tendam, Doubling Operational EBITDA and Expanding Global Footprint”, published 23 July 2025, retrieved 16 September 2026, https://www.businesswire.com/news/home/20250723669640/en/Multiply-Group-Completes-Acquisition-of-Tendam-Doubling-Operational-EBITDA-and-Expanding-Global-Footprint
Officers
5
Registry data lists a small board of Consejeros (directors) for Tendam Retail, S.A., all recorded with active status, alongside two Luxembourg-registered corporate director entities. Jaume Miquel Naudi holds the role of Consejero Delegado (Managing Director / CEO); external sources confirm he has served as Chief Executive Officer of the wider Tendam group since 2016 and as Chairman since 2019. Other listed Consejeros include Laura Muries Fenoll and Federico Conchillo Armendariz. Two corporate officers are also listed, Theatre Directorship Services Alpha S.a r.l. and Theatre Directorship Services Delta S.a r.l., both Luxembourg limited liability companies (Sarl) that provide professional directorship services and are associated with CVC Capital Partners’ Luxembourg advisory structure at 20 avenue Monterey, L-2163 Luxembourg; these are corporate officers, not natural persons, and their own directors are not identified in this block. The underlying registry data is dated 15 September 2026 and lists 7 total officer records across the company, of which this profile lists the currently active positions; individual appointment and resignation dates were not disclosed in the source data.
### Recent officer changes
No verified recent officer changes (new appointments, resignations, removals or role changes) with confirmed effective dates were located in the sources reviewed.
### Data availability
Officer information for Spanish companies is filed with the Registro Mercantil; appointment and resignation dates and nationality are not consistently published in the aggregated data reviewed for this profile, and nationality is Not disclosed for all listed individuals. The data should be treated as Partial rather than a complete historical record.
### Sources
– Colegio de Registradores / Registro Mercantil Central, company registry data, retrieved 15 September 2026, https://www.registradores.org
– Bloomberg, “Jaume Miquel Naudi, Chairman/CEO, Tendam Brands SAU”, retrieved 16 September 2026, https://www.bloomberg.com/profile/person/21082860
– Tendam, “Tendam posts record results in financial year 2025”, published 2026, retrieved 16 September 2026, https://www.tendam.es/en/tendam-posts-record-results-in-financial-year-2025-revenue-rises-to-e1-47bn-as-net-profit-climbs-26/
– Datocapital.lu, “Theatre Directorship Services Alpha Sarl”, retrieved 16 September 2026, https://www.datocapital.lu/companies/Theatre-Directorship-Services-Alpha-Sarl.html
Group Structure
Tendam Retail, S.A. is part of a verified multi-tier corporate group and is not an independent company. Registry-sourced corporate-linkage data places Tendam Fashion, S.L. (CIF B84332550) as its immediate parent, itself held beneath Tendam Brands, S.A. (CIF A87870937). Tendam Brands, S.A. is confirmed by official transaction announcements to be held by Castellano Investments S.a r.l. (Luxembourg, RCS B216667), the group’s ultimate holding company. Below Tendam Retail, S.A., the same registry-sourced data identifies numerous direct and indirect operating entities across Spain, Portugal, France, Germany, Hungary, Belgium, Bulgaria, Serbia, Montenegro, Russia, India and Hong Kong, reflecting the group’s retail and franchise footprint. Ownership percentages between the Spanish tiers of the structure (Castellano Investments to Tendam Retail, S.A.) are not disclosed in the sources reviewed. Information is dated 15 September 2026 for the registry-sourced structure and 23 July 2025 for the confirmed change of control at Castellano Investments.
### Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|—|—|—|—|—:|—|—|
| Tendam Fashion, S.L. | Spain | B84332550 | Immediate parent | Not disclosed | Active | 15 Sep 2026 |
| Tendam Brands, S.A. | Spain | A87870937 | Indirect parent | Not disclosed | Active | 15 Sep 2026 |
| Castellano Investments S.a r.l. | Luxembourg | B216667 | Ultimate parent | Not disclosed at Spanish-entity level | Active | 15 Sep 2026 |
| Two Point Zero Group P.J.S.C. (fka Multiply Group PJSC) | United Arab Emirates | ADX-listed | Controlling shareholder of Castellano Investments S.a r.l. | 67.91% | Active | 23 Jul 2025 |
| Llano Holdings S.a r.l. (CVC Funds vehicle) | Luxembourg | Not disclosed | Minority shareholder of Castellano Investments S.a r.l. | Minority, not disclosed | Active | 23 Jul 2025 |
| Arcadian Investments S.a r.l. (PAI Partners vehicle) | Luxembourg | Not disclosed | Minority shareholder of Castellano Investments S.a r.l. | Minority, not disclosed | Active | 23 Jul 2025 |
### Recent structural changes
– 23 July 2025: Two Point Zero Group P.J.S.C. (then Multiply Group PJSC) completed acquisition of a controlling 67.91% stake in Castellano Investments S.a r.l., the group’s ultimate holding company, from funds managed by CVC Capital Partners and PAI Partners, who retained minority interests. Source: Business Wire, 23 July 2025.
– November 2025: Multiply Group PJSC changed its name to Two Point Zero Group P.J.S.C. following an announced merger of IHC’s 2PointZero, Multiply Group and Ghitha Holding portfolio companies. Source: MarketScreener / Gulf Business, 2025.
### Data availability
The group structure is Partial: the top of the ownership chain (Castellano Investments S.a r.l. and its controlling shareholder) is confirmed by official transaction announcements because the ultimate owner is a listed company, but intermediate Spanish-tier ownership percentages down to Tendam Retail, S.A. are not publicly disclosed.
### Sources
– Colegio de Registradores / Registro Mercantil Central, company registry data, retrieved 15 September 2026, https://www.registradores.org
– CVC Capital Partners, published 25 February 2025, retrieved 16 September 2026, https://www.cvc.com/media/news/2025/multiply-group-signs-landmark-investment-with-cvc-and-pai-partners-to-secure-a-controlling-stake-6791-in-tendam-with-the-transaction-expected-to-double-multiply-s-operational-ebitda-post-consolidation/
– Business Wire, “Multiply Group Completes Acquisition of Tendam”, published 23 July 2025, retrieved 16 September 2026, https://www.businesswire.com/news/home/20250723669640/en/Multiply-Group-Completes-Acquisition-of-Tendam-Doubling-Operational-EBITDA-and-Expanding-Global-Footprint
– Gulf Business, “IHC to merge 2PointZero, Multiply Group and Ghitha Holding”, 2025, retrieved 16 September 2026, https://gulfbusiness.com/en/2025/abu-dhabi/ihc-to-merge-2pointzero-multiply-ghitha-holding/
Castellano Investments S.a r.l.
Luxembourg
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Frequently Asked Questions
What does TENDAM RETAIL SA do?
Tendam Retail, S.A. (CIF A08099459) is a Spanish Sociedad Anonima incorporated in 1956 and registered in Madrid under CNAE 4771 (retail trade of clothing), operating as part of the Tendam fashion retail group.
Who owns TENDAM RETAIL SA?
Tendam Fashion, S.L. (CIF B84332550) is disclosed as the immediate parent of Tendam Retail, S.A. per Spanish registry-sourced corporate-linkage data; the ownership percentage is not disclosed, and Spain does not require public disclosure of a full shareholder register for this entity type.
Who is TENDAM RETAIL SA's UBO (Ultimate Beneficial Owner)?
No single effective UBO percentage can be calculated for Tendam Retail, S.A. due to undisclosed intermediate ownership stakes. At the top of the wider group, Two Point Zero Group P.J.S.C. (Abu Dhabi) acquired a verified controlling 67.91% stake in the group ultimate holding company, Castellano Investments S.a r.l. (Luxembourg), completed 23 July 2025, with CVC Capital Partners and PAI Partners retaining minority interests.
What is TENDAM RETAIL SA's company registration number?
TENDAM RETAIL SA's registration number is A08099459, filed with Colegio de Registradores / Registro Mercantil Central in Spain. Its current status on the register is active.
Is TENDAM RETAIL SA still an active company?
TENDAM RETAIL SA's status on Colegio de Registradores / Registro Mercantil Central is listed as active.
When was TENDAM RETAIL SA incorporated?
TENDAM RETAIL SA was incorporated on 1 January 1956, according to Colegio de Registradores / Registro Mercantil Central.
What is TENDAM RETAIL SA's registered address?
The registered address on file for TENDAM RETAIL SA is MADRID, Spain.
What legal structure is TENDAM RETAIL SA registered as?
TENDAM RETAIL SA is registered as a Public Limited Company in Spain.
What is TENDAM RETAIL SA's revenue?
Entity-level turnover for Tendam Retail, S.A. was last publicly reported at approximately EUR 811 million (FY2016). The wider Tendam group (Tendam Brands, S.A.U.) reported consolidated revenue of EUR 1.47 billion for the financial year ended 28 February 2026, up 6.8% year-on-year.
Is TENDAM RETAIL SA listed on a stock exchange?
Tendam Retail, S.A. is not listed on any stock exchange. Its ultimate controlling shareholder, Two Point Zero Group P.J.S.C. (formerly Multiply Group PJSC), is listed on the Abu Dhabi Securities Exchange (ticker: 2POINTZERO).
Who are the officers/directors of TENDAM RETAIL SA?
Jaume Miquel Naudi serves as Consejero Delegado (Managing Director/CEO); he has led the wider Tendam group as CEO since 2016 and Chairman since 2019. Other listed Consejeros include Laura Muries Fenoll and Federico Conchillo Armendariz, plus two Luxembourg corporate-director entities (Theatre Directorship Services Alpha and Delta S.a r.l.) linked to CVC Capital Partners.
Does TENDAM RETAIL SA have a parent company or subsidiaries?
Tendam Retail, S.A. sits beneath Tendam Fashion, S.L. and Tendam Brands, S.A. within a structure ultimately held by Castellano Investments S.a r.l. (Luxembourg), itself majority-owned (67.91%) by Two Point Zero Group P.J.S.C. since 23 July 2025, with CVC Capital Partners and PAI Partners as minority holders. The group operates subsidiaries across Spain, Portugal, France, Germany, Hungary, Belgium, Bulgaria, Serbia, Montenegro, Russia, India and Hong Kong.
Can Zavia monitor changes to TENDAM RETAIL SA's ownership over time?
This profile reflects a point-in-time snapshot from Colegio de Registradores / Registro Mercantil Central. Zavia's monitoring API can track changes to TENDAM RETAIL SA's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access TENDAM RETAIL SA's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Spain, so records like TENDAM RETAIL SA's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Colegio de Registradores / Registro Mercantil Central and was last synced on 15 September 2026.