Multiply Group Completes Acquisition of Tendam, Doubling Operational EBITDA and Expanding Global Footprint

ABU DHABI, United Arab Emirates & MADRID & LONDON & LUXEMBOURG & PARIS, July 24 (Bernama-BUSINESS WIRE) — 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-largest apparel group by market share^¹. The deal doubles Multiply’s operational EBITDA post-consolidation and expands its model to acquire standout businesses, unlock potential through capital and tech, and deliver sustained market leadership.

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