Tendam Reports Q3 Loss Amid Multiply Group Takeover
Tendam, the Spanish fashion giant, made headlines with its latest financial update. The company reported a €5 million loss in the third quarter of 2025, which marks the first period since Multiply Group joined as a major shareholder. Despite the red numbers, Tendam actually saw a 7.5% increase in revenue. Looks like someone forgot to tell the profits about the growth party!
Revenue Up, Profits Down: What’s Next for Tendam?
The numbers paint a mixed picture. On one hand, sales keep rising—a clear sign that shoppers still love Tendam’s brands. On the other, costs and integration expenses tied to Multiply Group’s entry have eaten away at profits. It’s like getting a bigger cake, only to find out someone took the first slice! The fashion industry knows how to keep things dramatic, and Tendam is certainly delivering on that front.
Investors and fashion fans alike are watching closely. Will Tendam bounce back in the next quarter? Or will the Multiply effect bring more surprises? Stay tuned, because in fashion, the only thing certain is change.
Sources:
FashionUnited: Tendam reports losses of five million euros after Multiply’s entry