Corporate

Mango drives its expansion in the United States with the opening of its  flagship store in New York’s Fifth Avenue

Mango drives its expansion in the United States with the opening of its flagship store in New York’s Fifth Avenue

• Mango’s flagship store on Fifth Avenue has a surface area of 2,100 m 2 (close to 23,000 sq. ft) and is located at number 711 of the New York avenue, in the Grande Dame building

• The company wishes to consolidate its brand in the country with the opening of approximately twenty stores over the next three years, accompanied by a strong drive in online sales

• The company wishes to consolidate its brand in the country with the opening of approximately twenty stores over the next three years, accompanied by a strong drive in online sales

• Mango has signed an agreement with the Parsons School of Design to establish closer ties with the American fashion industry and promote a new generation of leaders in the sector

• The company is continuing its development in the Metaverse with the creation of five NFTs of artworks by Miró, Tàpies and Barceló and the inauguration of an exhibition space in Decentraland

Mango is taking Miró, Tàpies and Barceló  to the Metaverse with a collection of NFTs

Mango is taking Miró, Tàpies and Barceló to the Metaverse with a collection of NFTs

• Mango will become the first brand to merge the physical, digital and virtual worlds, at the opening of its new store in Fifth Avenue New York on 11 May

• In collaboration with various artists, Mango is creating five digital artworks in NFT format based on five works by Miró, Tàpies and Barceló

• The physical artworks of renowned artists and the virtual artworks will be displayed in the physical store in New York and in a space in the Metaverse, in Decentraland

• In addition to the artworks in NFT format, Mango has developed new wearables, some of which we go on sale, while others will be given away

• With this project, Mango is strengthening its ecosystem of distribution channels and coming into contact with new generations of customers

MANGO SIGNS ITS FIRST FINANCE DEAL LINKED TO SUSTAINABILITY CRITERIA

MANGO SIGNS ITS FIRST FINANCE DEAL LINKED TO SUSTAINABILITY CRITERIA

The cost of the loan will reduce if it achieves 100% use of sustainable cotton, recycled polyester and cellulose fibres of controlled

origin by 2025, in addition to a 10% reduction in scope 1 and 2 CO2 emissions

 

After closing 2021 with the healthiest financial structure in a decade, the company has agreed to extend the repayment date of its main syndicated loan until 2028 and to increase the availability of new revolving credit lines

 

The group has also fully repaid the credit line requested from the Instituto de Crédito Oficial (ICO) at the start of the pandemic, a total of 240 million euros

MANGO announces a sixty seven million euro profit for 2021, tripling its pre pandemic profit

MANGO announces a sixty seven million euro profit for 2021, tripling its pre pandemic profit

The company closes its financial year in the best financial situation of the last decade, with a negative net debt of eight million euros

 

Turnover grows by 21.3%, to 2.234 billion euros, close to the record figure for 2019

 

Online sales channel accounts for 42% of total turnover reflecting a  growth of 23%,  to reach 942 million euros

 

EBITDA rises to 423 million euros (compared to 193 million in 2020) the highest figure since 2014

 

The company closed the financial year with 226 net store openings, totalling 2,447 stores in over 110 markets

 

Mango increased its investment by 64%, to 45 million euros, with a focus on its digital transformation as well as a network of stores

 

Mango is committed to sustainable development and in 2021 it became the first Spanish company in the industry to publish its list of Tier 1 and Tier 2 suppliers

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