Cortefiel news and archive

Goldman Sachs seeks buyer for Cortefiel

The investment bank Goldman Sachs has been commissioned by investment funds CVC, Permira, and Pai, current owners of Cortefiel, to seek a buyer for the Spanish fashion group. According to sources familiar with the matter, the sale price would be around 1,300 million euros, representing 13 times the Ebitda of the company'. This figure is below...

Fashion

Cortefiel expands in the US

Spain’s second largest apparel retailer Grupo Cortefiel is heading to the US. The namesake brand Cortefiel will debut with the first store, followed by stores of the group’s other brands Springfield, Women’s Secret and Pedro del Hierro during 2014-2015. To drive its expansion in the US, Grupo Cortefiel signed an agreement with Alhokair Fashion...