Spanish fast fashion brand Mango plans expand its operations with the opening of 500 new stores by 2026.
The brand will open these stores across key markets including the US, Spain, France, Italy, the UK, India and Canada. Of the planned 500, Mango will open 40 stores in the US by the end of this year.
Additionally, Mango also plans to expand its board of directors from four to nine members. The brand plans to appoint, Margarita Salvans as the new Chief Financial Officer of the company.
Launched in 2021, Mango’s homeware brand, Mango Home also plans to open stand-alone stores in Barcelona and Madrid, along with launching an online presence in Turkey. The retailer will rope in Eva Cárdenas, International CEO,
Zara Home, as external consultant to drive growth for Mango Home.
Founded in Barcelona in 1984, Mango is currently present in over 115 markets. The brand expects to sales of over €3 billion in FY 2023 financial year. It will release its strategic plan for 2024-26 detailing objectives for international expansion, online sales, etc.
