Mango clearly continues to expand and grow. Clothing store chain founded by Isak Andiç In its announcement on Wednesday, it announced that it will close 2023 with a revenue of over 3 billion euros, which means double-digit growth again and breaking its own sales record again. In this way, the company faces the situation optimistically. launch of a new Strategic Plan It will be deployed between 2024 and 2026 and will be officially unveiled next spring. For starters, here’s what the company has already announced: It will mean the opening of 500 new stores mainly in markets that have become key elements in the chain’s operations: United States of America, France, Italy, United Kingdom, India anyone CanadaIn addition Spain.
“This is a historic moment for our company,” summarizes Andic in Mango’s statement announcing all these plans. The businessman is actually talking about everything that will change behind closed doors starting next year. Firstly, CEO Toni Ruiz also became a minority owner of the companyBecause he will now own 5% of the capital. Later The board of directors grows with four new members: IESE Business School professor, Jordi Channels; Founding partner of AZ Capital, Jorge Lucaya; former director of various national and international companies, Jordi Constans; and president and CEO of Puig, Marc Puig.
“Transformation and contribution of the board of directors” new independent directors with great recognition, experience and global vision “It will strengthen Mango’s strategy and business, as well as strengthen the institutionalization of our organization,” says the company’s founder and chairman.
Increase in sales and points of sale
According to this document, the strategy is “Stability and solidity of the group” through a roadmap focused on strengthening its proposal differential value, Commitment to innovation and sustainability and increase sales a major expansion of the store park and growth across all channels“.
The precedent for this is that revenue will increase by 20% in 2022, reaching a business volume of 2 billion 688 million euros; and based on the 3,000 million euros already insured, another jump this year would be at least 11% in 2023. Likewise this year The chain brought online sales to 20 new countries (already selling online in 110 markets in total) and Opened 130 new stores and renovated 80 more stores. The final balance in this case is 2,700 physical outlets in 115 countries around the world, including the United States. Texas, Georgia And Californialatest additions.
In this text, Ruiz mentioned Mango with the following words: “We will continue to support this project with solidity, stability and ambition in order to leave a bigger and better company to future generations.”one of Europe’s largest groups in the fashion industryThe manager also assures that he is entering the new phase as a shareholder of the chain “with gratitude, enthusiasm and great responsibility”.