Mango continues to expand and strengthen its footprint in the global fashion market. The clothing retailer, founded by Isak Andic, announced that it expects to close 2023 with revenues exceeding 3 billion euros. This projection signals another round of double‑digit growth and a new record in sales for the brand. The company also unveiled a new Strategic Plan that will be rolled out between 2024 and 2026 and will be formally presented next spring. In the near term, Mango revealed a bold push into key markets by opening 500 new stores. The expansion centers on regions that have become central to the chain’s operation: the United States, France, Italy, the United Kingdom, India, with Canada and Spain also highlighted as important destinations for growth.
The implications of these announcements were summarized by Isak Andic in Mango’s statement, described as a historic moment for the company. The talking points reflect more than a surface expansion; they indicate significant leadership and governance changes set to take effect next year. The board will welcome new voices and expertise. Notably, Toni Ruiz has become a minority owner, acquiring 5 percent of the capital. The governance slate also includes four new directors: Jordi Channels, a professor from IESE Business School; Jorge Lucaya, a founding partner of AZ Capital; Jordi Constans, who has held senior roles in multiple national and international firms; and Marc Puig, the president and CEO of Puig.
Industry observers see this as a deliberate strengthening of Mango’s leadership team. The company describes the added directors as independent, widely recognized, and capable of guiding a global strategy. The message from Mango emphasizes that this enlargement of the board will reinforce strategic planning, governance, and the institutional framework of the organization as it enters a new growth phase.
Strengthening Sales, Stores, and Channel Reach
The published roadmap frames the strategy as a mix of stability, resilience, and ambitious growth. Mango aims to sharpen its value proposition by continuing to invest in innovation and sustainable practices while expanding its physical store network and improving performance across all sales channels. The goal is to increase sales and build a more robust and diversified retail portfolio that can weather market fluctuations and capture demand across regions with rising consumer confidence.
Historical data underpin the momentum. In 2022, revenues rose by about 20 percent, delivering a business volume around 2.688 billion euros. With a forecast of 3 billion euros in the near term, the company anticipates another solid year of growth in 2023, supported by a broader geographic and digital footprint. The brand has already extended its online operations to 110 markets in total and added 20 new countries to its e-commerce reach. During the period, Mango opened 130 new stores and renovated 80 locations, bringing the global footprint to approximately 2,700 physical outlets in 115 countries. The United States, including states such as Texas, Georgia, and California, has been part of the strategic expansion, alongside other key markets.
In discussing the company’s direction, leadership highlighted a commitment to long‑term value and continuity. Mango intends to advance the project with solidity, stability, and ambition to ensure a larger, stronger enterprise for future generations. The leadership reinforces that the company is entering the new phase as a shareholder-based organization, guided by a sense of gratitude, enthusiasm, and responsibility. The strategic plan is designed to balance growth with sustainability, ensuring that Mango remains a prominent player in Europe’s fashion landscape while expanding its influence in North America, Latin America, and beyond.