Latest news with #ToniRuiz
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.
Yahoo
25-03-2025
- Business
- Yahoo
Mango, o9 Solutions partner to boost supply chain planning operations
Mango's collaboration with o9 Solutions is expected to bolster its supply chain planning capabilities and drive data-centric decision-making throughout its vast retail network. The aim is to replace legacy systems with an AI-driven planning structure that can better handle the complexities of the modern retail landscape. Central to this initiative is the overhaul of Mango's Merchandise Financial Planning (MFP), Assortment Planning, and Demand Planning systems. The software provider already works with major retail companies such as Prada, J. Crew, and Urban Outfitters to help optimise their business operations. o9 Solutions says Mango will also be able to use its platform and expertise in fashion retail planning to support its digital planning transformation. The o9 Digital Brain platform is designed to unify critical planning processes within a single ecosystem, thereby breaking down departmental barriers and fostering collaborative decision-making across different teams. The platform's design will provide Mango with the flexibility to enhance its planning functions and enable the integration of proprietary Data Science models. Moreover, it will offer scalability options essential for sustaining Mango's growth trajectory over time. o9 Solutions co-founder and CEO Chakri Gottemukkala said: "This partnership is a testament to Mango's forward-thinking approach to leveraging technology for improved planning and decision-making. By integrating its planning functions on the o9 platform, Mango will gain the agility, intelligence, and real-time decision-making capabilities necessary to achieve better business outcomes. We are excited to support them on this journey." As of the close of fiscal year 2024, Mango had 2,850 stores in 120 countries. The company reported a turnover growth of 7.6% to €3.33bn ($3.60 bn) over the year, with online sales accounting for one-third. Earlier this year, Punto Fa, the parent company of Mango, appointed CEO Toni Ruiz as chairman to steer the company towards realising its strategic plan for 2024-2026 while maintaining his role as CEO. "Mango, o9 Solutions partner to boost supply chain planning operations" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
11-03-2025
- Business
- Yahoo
Mango accelerates growth with 7.6% turnover surge in 2024
Spanish fashion retailer Mango has reported a significant surge in its turnover figures for fiscal 2024 (FY24), propelled by the enhancement of its unique value proposition. The company's turnover reached €3.33bn ($3.60bn) in FY24 - a 7.6% rise from FY23. When adjusted for currency fluctuations, growth hit 11.6%, exceeding the industry norm. Turnover from bricks-and-mortar stores accounted for €2.2bn, while the e-commerce sector solidified its growth close to €1.1bn - one-third of Mango's total turnover. Mango's international operations generated 78% of the company's revenue in 2024, with Spain, France, Turkey, Germany and the US leading in turnover, followed by Italy, the UK and Portugal. The company also saw its gross margin increased to 60.7% of sales in FY24. Mango's earnings before interest, taxes, depreciation and amortisation (EBITDA) - gross operating profit - soared to €636m over the fiscal, up by 19% from 2023, and net profit climbed 27% to €219m. Mango's growth trajectory in 2024 was marked by robust investment activities totalling €219m as part of its strategic plan through 2026. This represents an increase of 17% over the previous year's investments. The funds were primarily allocated to store network expansion and modernisation, technological advancements, logistics capacity enhancement and the development of the new Mango Campus. During 2024, Mango inaugurated 260 new stores, surpassing half of its goal to open more than 500 stores by 2026. By year-end, Mango operated almost 2,850 stores across over 120 markets globally. The company also invested in renovating existing stores to elevate customer experience. Mango also expanded its workforce by more than 900 individuals, ending the year with more than 16,400 employees. Mango chairman and CEO Toni Ruiz stated: "In 2024 we have strengthened our value proposition. We have invested strongly in improving our store network (with numerous openings and refurbishments), in technology, logistics and the new Mango Campus. 'We are in the best moment of our history, and we are investing to take Mango to a new level of growth. The Mango Project is stronger than ever. We are convinced that the most brilliant pages of our history are yet to be written.' In February 2025, Mango announced plans to expand its UK footprint with 20 new store openings during the year. "Mango accelerates growth with 7.6% turnover surge in 2024" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
