Multiply Group (ADX: MULTIPLY) has acquired a 67.91 per cent stake in Spain’s Tendam, marking its first major European investment and entry into retail and apparel.
The deal doubles Multiply’s operational EBITDA and aims to drive Tendam’s global growth using AI, digital tools, and targeted M&A, with Tendam reporting ~$1.60 billion in sales and ~$388 million in EBITDA.
The deal doubles Multiply’s operational EBITDA and aims to drive Tendam’s global growth using AI, digital tools, and targeted M&A, with Tendam reporting ~$1.60 billion in sales and ~$388 million in EBITDA.
