Latest news with #IsakAndic
Fashion Network
5 days ago
- Business
- Fashion Network
Mango opens new store in Berkshire as part of UK expansion push
Spanish fashion brand Mango continues to grow its international retail presence. As part of its UK expansion strategy, which aims to reach more than 100 retail locations in the country by year-end, the company has opened a new store in Berkshire, in southern England. Located in The Lexicon, a shopping and leisure complex in Bracknell, the store is dedicated exclusively to Mango's womenswear collection. Like its most recent openings, the new location features the brand's New Med concept, inspired by Mediterranean design. The concept offers a warm, sustainable aesthetic that integrates natural, artisanal materials and emphasizes architectural harmony. Mango first entered the UK market in 1999. Since then, it has steadily expanded its footprint, ending last year with more than 80 stores nationwide. This growth has been driven by a retail development plan launched in 2021, when the company opened its first flagship store on London's Oxford Street. Continuing its expansion under the framework of its ambitious 4E Strategic Plan 2024–2026, Mango plans to add 20 more stores in the UK by the end of this year. In this context, the brand also recently opened another womenswear-focused store at The Fort Shopping Park in Birmingham. However, Mango's international expansion plans go beyond the British market. The company is actively growing in other key countries, including the United States—where it plans to open another 20 stores this year—as well as Italy and Germany. Founded by Isak Andic in 1984, the Barcelona-based company now operates in more than 120 markets worldwide, with a network of over 2,800 retail locations. As part of its current expansion strategy, Mango aims to open 500 additional stores globally by the end of 2026. Financially, Mango—led by chairman and CEO Toni Ruiz—saw revenue grow by 7.6% in fiscal year 2024, reaching €3.339 billion. While the company does not break down its sales by product category, womenswear accounted for 79% of total revenue, remaining the brand's primary sales driver. Mango is targeting record sales of €4 billion by the end of 2026.
Fashion Network
5 days ago
- Business
- Fashion Network
Mango opens new store in Berkshire as part of UK expansion push
Spanish fashion brand Mango continues to grow its international retail presence. As part of its UK expansion strategy, which aims to reach more than 100 retail locations in the country by year-end, the company has opened a new store in Berkshire, in southern England. Located in The Lexicon, a shopping and leisure complex in Bracknell, the store is dedicated exclusively to Mango's womenswear collection. Like its most recent openings, the new location features the brand's New Med concept, inspired by Mediterranean design. The concept offers a warm, sustainable aesthetic that integrates natural, artisanal materials and emphasizes architectural harmony. Mango first entered the UK market in 1999. Since then, it has steadily expanded its footprint, ending last year with more than 80 stores nationwide. This growth has been driven by a retail development plan launched in 2021, when the company opened its first flagship store on London's Oxford Street. Continuing its expansion under the framework of its ambitious 4E Strategic Plan 2024–2026, Mango plans to add 20 more stores in the UK by the end of this year. In this context, the brand also recently opened another womenswear-focused store at The Fort Shopping Park in Birmingham. However, Mango's international expansion plans go beyond the British market. The company is actively growing in other key countries, including the United States—where it plans to open another 20 stores this year—as well as Italy and Germany. Founded by Isak Andic in 1984, the Barcelona-based company now operates in more than 120 markets worldwide, with a network of over 2,800 retail locations. As part of its current expansion strategy, Mango aims to open 500 additional stores globally by the end of 2026. Financially, Mango—led by chairman and CEO Toni Ruiz—saw revenue grow by 7.6% in fiscal year 2024, reaching €3.339 billion. While the company does not break down its sales by product category, womenswear accounted for 79% of total revenue, remaining the brand's primary sales driver. Mango is targeting record sales of €4 billion by the end of 2026.
Fashion Network
5 days ago
- Business
- Fashion Network
Mango opens new store in Berkshire as part of UK expansion push
Spanish fashion brand Mango continues to grow its international retail presence. As part of its UK expansion strategy, which aims to reach more than 100 retail locations in the country by year-end, the company has opened a new store in Berkshire, in southern England. Located in The Lexicon, a shopping and leisure complex in Bracknell, the store is dedicated exclusively to Mango's womenswear collection. Like its most recent openings, the new location features the brand's New Med concept, inspired by Mediterranean design. The concept offers a warm, sustainable aesthetic that integrates natural, artisanal materials and emphasizes architectural harmony. Mango first entered the UK market in 1999. Since then, it has steadily expanded its footprint, ending last year with more than 80 stores nationwide. This growth has been driven by a retail development plan launched in 2021, when the company opened its first flagship store on London's Oxford Street. Continuing its expansion under the framework of its ambitious 4E Strategic Plan 2024–2026, Mango plans to add 20 more stores in the UK by the end of this year. In this context, the brand also recently opened another womenswear-focused store at The Fort Shopping Park in Birmingham. However, Mango's international expansion plans go beyond the British market. The company is actively growing in other key countries, including the United States—where it plans to open another 20 stores this year—as well as Italy and Germany. Founded by Isak Andic in 1984, the Barcelona-based company now operates in more than 120 markets worldwide, with a network of over 2,800 retail locations. As part of its current expansion strategy, Mango aims to open 500 additional stores globally by the end of 2026. Financially, Mango—led by chairman and CEO Toni Ruiz—saw revenue grow by 7.6% in fiscal year 2024, reaching €3.339 billion. While the company does not break down its sales by product category, womenswear accounted for 79% of total revenue, remaining the brand's primary sales driver. Mango is targeting record sales of €4 billion by the end of 2026.
Reuters
10-03-2025
- Business
- Reuters
Spanish fashion co Mango's sales rise 8% in 2024
MADRID, March 10 (Reuters) - Spanish fashion retailer Mango reported on Monday an 8% increase in sales in 2024 to 3.33 billion euros ($3.62 billion), as it benefitted from an international expansion with a focus on the United States, similar to that pursued by its rival brand Zara. Spain's second-largest fashion company that has positioned itself as a premium retailer focusing on partywear and with higher prices than those of Inditex-owned Zara, has said it aims to reach 4 billion euros in sales by 2026. Its net profit rose 27% to 219 million euros, while gross margin reached 60.7% in 2024. The unlisted company said that 78% of its total sales came from its international stores and it invested 219 million euros to add 260 new shops to its network of 2,800 in 2024. Mango has an ongoing plan to expand its shops in the U.S., one of its top 5 markets, by opening more than 60 stores between 2024 and 2025, after its return to the country with its first flagship store in New York in 2022. The company chief executive Toni Ruiz confirmed the plan to expand stores in U.S. after becoming chairman of the board, replacing Mango's founder and owner, Isak Andic, who died in a mountain accident last December. ($1 = 0.9202 euros)
Yahoo
10-03-2025
- Business
- Yahoo
Spanish fashion co Mango's sales rise 8% in 2024
MADRID (Reuters) - Spanish fashion retailer Mango reported on Monday an 8% increase in sales in 2024 to 3.33 billion euros ($3.62 billion), as it benefitted from an international expansion with a focus on the United States, similar to that pursued by its rival brand Zara. Spain's second-largest fashion company that has positioned itself as a premium retailer focusing on partywear and with higher prices than those of Inditex-owned Zara, has said it aims to reach 4 billion euros in sales by 2026. Its net profit rose 27% to 219 million euros, while gross margin reached 60.7% in 2024. The unlisted company said that 78% of its total sales came from its international stores and it invested 219 million euros to add 260 new shops to its network of 2,800 in 2024. Mango has an ongoing plan to expand its shops in the U.S., one of its top 5 markets, by opening more than 60 stores between 2024 and 2025, after its return to the country with its first flagship store in New York in 2022. The company chief executive Toni Ruiz confirmed the plan to expand stores in U.S. after becoming chairman of the board, replacing Mango's founder and owner, Isak Andic, who died in a mountain accident last December. ($1 = 0.9202 euros) Sign in to access your portfolio
