-
Roblox to launch wallet to pay creators faster and will allow off-platform gaming
-
Weapons, spyware and AI scams: Anthropic exposes Claude misuse
-
Springboks wary of new-look All Blacks in Baltimore test
-
Gary Oldman hopes Jack Lowden is the new James Bond
-
Townsend, Siniakova win US Open doubles for career Grand Slam together
-
Six-stop race is best on tyre-shredding Madrid track says Russell
-
Verstappen unimpressed with new Madrid street track
-
Prosecutors seek up to 10 years prison over violent burglary of Donnarumma
-
Razaullah heroics deny England quickfire win in 3rd Test against Pakistan
-
Solheim Cup on a knife-edge after Korda record
-
Masks banned at planned UK protests: police
-
Corruption probe targets Brazil presidential candidate Flavio Bolsonaro
-
Antonelli on top ahead of Ferraris in Madrid practice
-
New No.1 Rybakina out to thwart Sabalenka US Open three-peat bid
-
Dance Fitness Tempe Announces Expansion of Accessible Digital Movement Programs
-
US marks 25th anniversary of 9/11 attacks
-
Nashville airport to be renamed after Dolly Parton
-
'That's why we fight': Trump links 9/11 to Iran conflict
-
Argentina's Dirty War rears its head in Venice film
-
Europe saw record summer air traffic despite Mideast war: Eurocontrol
-
'Whatever we do is political' says Iranian director Asgari at Venice
-
De Zerbi coy over unsettled Richarlison's Spurs future
-
UK lawmakers throw out bill to legalise assisted dying
-
Brazil president candidate Flavio Bolsonaro targeted in corruption probe
-
Relatives of 9/11 victims hit out at Saudi Arabia -- and US leaders
-
England dismiss Pakistan's Masood to close on victory in 3rd Test
-
Egyptian teenager Abdelkarim to extend Barca deal to 2030
-
Oil prices, US inflation stoke Fed hike worries
-
Macau to hold closed-door trial in first national security case
-
Free-scoring Chelsea must tighten up, says Alonso
-
Philippines recovers 30 bodies from ferry after blaze
-
US inflation steady in August, fueling Fed rate hike expectations
-
Relative of 9/11 victim unleashes searing attack on Saudi Arabia
-
United boss Carrick dismisses Anderson's 'kings of Manchester' jibe
-
Russell edges Antonelli in accident-free opening practice in Madrid
-
New York marks 25th anniversary of 9/11 attacks
-
Sweden's outgoing PM wants to 'make Sweden great again'
-
Yemen's Houthis take over strait vital to global shipping
-
Fenced off: Thailand builds border wall after Cambodia clashes
-
Russia rolls out long-delayed 5G, but not for iPhones
-
Pakistan's Masood frustrates England's victory push in 3rd Test
-
DR Congo Ebola outbreak spreads to 7th province
-
Revitalised Isak in a 'good place' at Liverpool: Iraola
-
Turning up the heat: Arteta reveals 'challenges' for Arsenal stars
-
Arsenal boss Arteta 'very surprised' at Jesus blast over Barcelona move
-
F2 crash in Madrid underlines fears over 'riskiest track'
-
Czech antitrust office lets Turkey's Pegasus Airlines buy Smartwings
-
Nepal flood reconstruction bill to be $4.78 bn: foreign ministry
-
Maresca says spotlight not on him ahead of Manchester derby
-
Investors on edge as energy costs, surging bond yields roil markets
Spain's Mango clothing chain ramps up global expansion
Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants.
After a slowdown sparked by the Covid-19 pandemic, the family-owned company has in recent months inaugurated several large stores around the globe.
They include a 400-square-metre (1,300-square-foot) space in Los Angeles, a similar-sized one in Manchester, England, and a flagship store in India's tech hub of Bengaluru.
Mango has opened a total of 115 stores over the past year, mainly in the United States where its sales outlets have tripled, the company's global retail director, Cesar de Vicente, said in an interview with AFP.
It has more than 2,700 stores in over 115 countries, compared to nearly 6,000 worldwide for Zara-owner Inditex, Spain's other clothing retail success story.
The expansion has helped boost turnover with Mango expecting to post over three billion euros ($3.3 billion) in sales in 2023 -- a record -- when it announces its yearly results on Monday, De Vicente told AFP as he stood in front of prototypes of new garments at the company's sprawling headquarters in a Barcelona suburb.
It is at this building -- dubbed the "campus" -- that the textile group which employs 500 stylists designs and tests its future collections.
The company sells nearly 160 million items of clothing and accessories a year.
- Star ambassadors -
Mango traces its origins to 1984 when a young man of Turkish origin, Isak Andic, opened his first shop on the Paseo de Gracia, Barcelona's famous shopping street, with the help of his older brother Nahman which was hugely succesful.
Spain had just emerged from a decades-long dictatorship which ended with the death of General Francisco Franco in 1975 and consumers were hungry for more modern clothes.
"He saw that we needed colour, style," said De Vicente.
Andic quickly opened dozens of more stores in Spain and then abroad, starting in neighbouring Portugal and France, all under the name Mango.
To help boost sales the company has hired big stars such as British model Kate Moss, Spanish actress Penelope Cruz, and French footballer Antoine Griezmann for its marketing campaigns.
Like its main domestic rival Inditex, the world's biggest fashion retailer whose other store brands include Bershka and Pull&Bear, Mango strives to quickly adjust its production to the latest fashion trends while offering affordable prices.
The two groups "have many similarities" because they "developed at the same time" but there are some significant differences, said Marcel Planellas, a strategy professor at Barcelona business school Esade.
Mango has just a single brand and it does not own any factory, outsourcing its production mainly to lower-cost Turkey and Asia, he added.
- 500 new stores -
The company, which employs some 14,000 people and aims to differentiate itself from low-cost brands such as Shein and Primark by accelerating its move upmarket, will present its new strategic plan on Monday along with its annual results.
It is expected to confirm its international ambitions, with 500 new stores planned by 2026.
These openings will mostly take place in the United States, the UK and France, the group's second-largest market after Spain, said De Vicente.
This dynamism contrasts with the sluggishness seen elsewhere in the sector in Europe where US retailer Gap has closed shops and French retail clothing company Camaieu, which made and sold its own collections of women's fashion, closed down at the end of 2022.
Mango enjoys a "solid situation" unlike some of its competitors, said Planellas, who predicts the company will list on the stock market in the coming years as Inditex did in 2001.
M.King--AT