🌍 Expanding Globally
Mango, the well-known apparel brand from Barcelona, is marking its 40th anniversary with a major expansion. By 2026, the company plans to open 500 new stores. These stores will be in key markets such as the U.S., Spain, France, Italy, the U.K., India, and Canada. In the U.S., Mango aims to have 40 stores by the end of this year. New locations will include Washington, D.C., and Pennsylvania, with the goal of making the U.S. one of Mango’s top-five markets.
🏠 Mango Home's Growth
Mango Home, launched in 2021 with a textile collection, will see significant growth. Stand-alone stores will open in Barcelona and Madrid this year. Mango Home will also launch an online presence in Turkey. To drive this growth, Mango has brought on Eva Cárdenas as an external consultant. Cárdenas, who founded Zara Home, has a wealth of experience, having opened over 600 stores in 75 countries.
📈 Corporate Changes
In March, Mango will expand its board of directors from four to nine members. Margarita Salvans will join as the Chief Financial Officer. Additionally, CEO Toni Ruiz recently became a shareholder, acquiring a 5% stake in the company. These changes are part of Mango's efforts to strengthen its corporate governance and strategic direction.
🔍 Transparency and Sustainability
Founded in Barcelona in 1984, Mango has grown to have a presence in over 115 markets. In 2023, the company made strides in supply chain transparency by publishing a full list of its tier 3 suppliers. This follows the earlier publication of its tiers 1 and 2 suppliers. Mango is committed to sustainability, with a dedicated team of over 20 people. The company expects to close 2023 with record sales exceeding $3.3 billion. Mango's upcoming strategic plan for 2024 to 2026 will focus on international expansion, online sales, and a differentiated value proposal.
How will Mango's expansion impact global retail?
