Elche shoe company Tempe, a subsidiary of the Inditex group, is completing procedures to start the installation of the logistics center it planned six years ago in the Parc Sagunt I industrial zone. The company was one of the first to follow in Mercadona’s footsteps. With its commitment to this field, it became the only company to submit a purchase offer for a 280,000 square meter land held by the Valencia Port Authority (APV) at the end of 2018.
However, the firm pushed the deadlines to the maximum, which were still extended by at least a year due to the regulations it had promised to fulfill when purchasing these lands and which were later implemented in Parc Sagunt. facing the covid crisis. -19.
Initially, it was expected that Tempe’s activity in the city would begin much earlier, because after the purchase of the land was formalized in February 2019, the same company set a period of four years from the signing of the sales contract. .
Now, before this extended period due to Covid ends, the company’s plans are to start settling in Sagunt at the beginning of 2024. It will do this in a privileged location next to the land on which Mercadona is building the largest logistics block in Spain.
Tempe, a subsidiary of Inditex specializing in footwear and accessories for the group’s seven brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home), is responsible for both the design, marketing and distribution of these products. Exactly the latter led him to submit an offer that met the requirements requested by PAV from the buyer of the land regarding the volume of goods to be handled through the port of Saguntino.
«Maximum discretion»
Currently, the arrangements for the installation of the plant in Sagunt are being carried out with great care and almost no details have been revealed about the planned investment in a plot of land they have already purchased for 31,039,118 euros.
The company, which employs more than 2,000 people, is headquartered in Elche Parque Empresarial, where it also has three logistics centers from which it manages worldwide distribution.
Business
Sales of Tempe, the main shoe and accessories supplier of the Galician textile giant, in 2022 recorded the highest volume in its more than 30-year history. In this way, the company acquired a 50% stake in the textile holding, and the García Peralta family not only managed to leave behind, but even slightly surpassed, the consequences of the epidemic that took away almost 30% of the company’s turnover in a single year. David Navarro reported that income increased in 2019 despite inflation and the consequences of the war.
Of course, the increase in costs prevented the company from sustaining the result, which shrank by 11.7%, according to the consolidated balance sheet submitted by Inditex to the National Securities Market Commission (CNMV), in which Tempe is in the joint control companies section. group.
According to this document, the shoe company recorded sales of 1 billion 408 million euros last year; This figure increased the previous year’s revenue by 7.8%, which also represents a new record of invoices exceeding 1 billion 400 million in 2019.