Toni Ruiz, CEO, Mango will soon replace Isak Andic, Founder and Owner, as the brand’s new Chairman.
Andic's son, Jonathan Anic will serve as the brand’s new vice-president while Manel Adell, Former CEO, Desigual will join the company as an independent board member.
Having positioned itself as a premium retailer with higher prices than its rival, the Inditex-owned Zara, Mango plans to expand into the US market.
Having joined as the General Director of the brand in 2015, Ruiz will continue to expand its operations with an aim to reach €4 billion ($4.16 billion) in sales by 2026.
In 2023, the unlisted Barcelona-based company, with a presence in more than 120 markets, reported sales of €3.1 billion in 2023.
