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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

 

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

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