December 20, 2023Business Desk

Mango to expand global store network

Spanish fashion retailer Mango announced plans on Wednesday to expand its global presence by unveiling 500 new stores across strategic markets like the United States, Canada, France, Italy, and India.

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The company anticipates surpassing 3 billion euros in sales by the end of this year, marking a 12 per cent increase from 2022.

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This expansion strategy is a part of Mango's forthcoming three-year blueprint set to be unveiled in March.

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Additionally, Mango revealed that its Chief Executive, Toni Ruiz, has acquired a 5 per cent stake in the company.

Source: Unsplash