Press releases

Mango celebrates the opening of its new flagship store on New York’s Fifth Avenue

Mango celebrates the opening of its new flagship store on New York’s Fifth Avenue

 

·         The event brought together Katie Holmes, Tommy Dorfman, Annabelle Wallis, Julia Von Boehm, Camille Charrière, Sofía Sánchez de Betak, Gala Gordon, Tina Leung, Veronika Heilbrunner and other national and international celebrities from the fashion industry, cinema world and friends of the brand 

 

  •          Mango is taking Miró, Tàpies and Barceló to the Metaverse and converting its Fifth Avenue store into a physical, digital and virtual museum 

 

  •          With this store opening on New York's Fifth Avenue, the brand is driving its expansion in the United States, and aims to have 40 stores in the country by 2024  

 

  •          The store is one of the first in the world to feature the new Mediterranean-inspired interior design concept   
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 COMMENCES THE WORKS TO ENLARGE ITS LOGISTICS CENTRE IN LLIÇÀ D’AMUNT WITH AN INVESTMENT OF 35 MILLION EUROS

MANGO COMMENCES THE WORKS TO ENLARGE ITS LOGISTICS CENTRE IN LLIÇÀ D’AMUNT WITH AN INVESTMENT OF 35 MILLION EUROS

The aim of the new facilities is to absorb the growth of its e-commerce logistics, enlarge the dispatches area and support Mango’s new business lines

This 90,000 m2 enlargement will allow the company to reduce the cost of preparing online orders by 25%

It is forecast that the new building will become partially operational by the second half of 2022 and have full omnichannel capability by 2023

The company is meeting its deadlines in spite of the pandemic 

MANGO CLOSES 2020 WITH A TURNOVER  OF 1.842 BILLION EUROS AND AN EBITDA OF  193 MILLION EUROS

MANGO CLOSES 2020 WITH A TURNOVER OF 1.842 BILLION EUROS AND AN EBITDA OF 193 MILLION EUROS

Online income represented 42% of total turnover, after growing by 36% to reach 766 million euros.

The turnover of physical stores fell by 43%, having been affected by store closures or limited opening hours and/or customer numbers during much of the year.

The company remains in a healthy financial state: net bank debt fell by 20%, to 156 million euros.

The company is accelerating its digital transformation by investing 27 million euros in priority projects related to digital transformation and its Customer Centric strategy.

Mango is advancing in sustainability by signing the UN Fashion Industry Charter, the growth of the COMMITTED collection and by replacing 160 million plastic bags with paper bags of sustainable origin.

The company is committed to transparency and is publishing the list of the main factories in its supply chain.

Rapid roll-out of the loyalty programme: implantation in 6 new countries and over 5.5 million active customers.

The company has begun 2021 with four new strategic projects: the launch of a new homeware line, integration of the Violeta line within the Woman collection, new marketplace capacities for mango.com and the construction of the new Mango Campus.

MANGO POSTS A GROSS PROFIT OF 41 MILLION EUROS, AFTER ACHIEVING RECORD SALES OF 2.374 BILLION EUROS.

MANGO POSTS A GROSS PROFIT OF 41 MILLION EUROS, AFTER ACHIEVING RECORD SALES OF 2.374 BILLION EUROS.

Sales increased by 141 million euros, 6.3% more than 2018, and are the highest sales achieved in the company's history.

EBITDA rose by 43.7%, from 135 to 194 million euros.

For the third year running, Mango reduced its net financial debt, which fell to 184 million euros.

Online sales grow by 26.7%, totalling 564 million euros, and now represent 23.7% of total group turnover.

The total annual investment was 58 million euros, much of which was allocated to accelerating the digital transformation of the company.

Mango moves forward in its sustainability plan:it signs the Fashion Pact and joins the Sustainable Apparel Coalition.

More than 3 million active customers in the new loyalty club since its launch in Spain and France.

#BEanICON, THE NEW MANGO CAMPAIGN, ENCOURAGES YOU TO BE YOURSELF AND PROMOTE YOUR OWN STYLE

#BEanICON, THE NEW MANGO CAMPAIGN, ENCOURAGES YOU TO BE YOURSELF AND PROMOTE YOUR OWN STYLE

Mango is collaborating with six personalities from the worlds of fashion and culture characterised for their own style, in order to emphasize that personality is the best trend when dressing up.

The photographer Dan Martensen captures intimate moments with Jeanne Damas, Veronika Heilbrunner, Pernille Teisbaek, André Saraiva, Justin O’Shea and Shuhei Nishiguchi in cities such as London, Tokyo, Copenhagen and Paris.

MANGO COMPLETES ITS STEERING COMMITTEE WITH THE APPOINTMENTS OF GLOBAL RETAIL AND HUMAN RESOURCES DIRECTORS

MANGO COMPLETES ITS STEERING COMMITTEE WITH THE APPOINTMENTS OF GLOBAL RETAIL AND HUMAN RESOURCES DIRECTORS

The General Manager, Toni Ruiz, makes the final additions to the team responsible for the online transformation of Mango.

César de Vicente will be the new Global Retail Director and will be responsible for planning and managing market activity.

David Gutiérrez, the new Global Human Resources Director, will manage the cultural change that will oversee the company’s online transformation.

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