Mango news and archive

Mango expands investment umbrella to fund alternative ridesharing start-up

Spanish retail giant Mango is growing its portfolio of investments to now fund Hoop Carpool, a start-up offering companies a mobility alternative allowing employees and students to share short-distance journeys. Made through the company’s Mango StartUp Studio accelerator, the investment comes in the form of a convertible equity loan, which will...

Fashion Featured

Victoria Beckham to launch collection with Mango

Spanish fashion retailer, Mango is launching its highest-profile collaboration to date later this month with British designer Victoria Beckham. The capsule Victoria Beckham x Mango collection will launch on April 23 and feature ready-to-wear, accessories and footwear. In a short statement, Mango said the collaboration would blend Beckham’s “...

Business

UK watchdog calls out Mango for featuring ‘unhealthily thin’ model

A product listing by Spanish retailer Mango has been banned by a UK watchdog for featuring an “unhealthily thin” model which it deemed “irresponsible”. The action was taken by the Advertising Standards Authority (ASA), which was responding to a complainant who made the allegations and called for the ad to be banned. The complaint was in relation...

BusinessFeatured

Mango hits 'record' three billion euros in sales, plans to open 500 new stores

Spanish brand Mango has achieved sales of over three billion euros in the 2023 financial year. It is the first time the company has achieved this and it did so thanks to a 15 percent increase Net profit doubled to a level of 172 million euros, while EBITDA (earnings before interest, taxes, depreciation and amortisation) rose to a level of 533...

Business

Spain's Mango clothing chain ramps up global expansion

Barcelona - Spanish fashion retailer Mango, founded 40 years ago in Barcelona, is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants. After a slowdown sparked by the Covid-19 pandemic, the family-owned company has in recent months inaugurated several large stores around the...

People

Fashion industry expert Achim Berg to join Mango as external advisor

Mango has appointed fashion industry expert Achim Berg as external advisor to the company’s CEO, Toni Ruiz, and the management team, effective as of May 1, 2024. The company said in a statement that Berg will utilise his vast expertise and network amassed from over two decades as a top management consultant to support Mango's sustained and...

Business

Mango wins NFT copyright case in Spanish courts

In a significant legal development, Mango emerged victorious in a lawsuit filed by the Spanish copyright society VEGAP for copyright infringement. The lawsuit pertained to the generation of NFTs (Non-Fungible Tokens) based on the artistic creations of three highly regarded Catalan artists which Mango showed in the US. For the opening of a Mango...

Business

Mango StartUp Studio invests in market analytics start-up

High street fashion retailer Mango is making strides in innovation by investing in Flipflow, a startup specialising in market analytics and real-time stock control across diverse marketplaces. The strategic move, facilitated through Mango's accelerator, Mango StartUp Studio, involves supporting Flipflow with a convertible equity loan,...

Retail

Mango enters Roblox as it strengthens digital innovation

Mango is reinforcing its commitment to digital innovation through its entry into Roblox, an immersive platform with over 70 million daily active users. The company has inaugurated its inaugural virtual store within the Outfit Shopping Mall on Roblox, where users can purchase Mango Teen digital garments and products for their avatars. Teaming up...

Fashion

Mango launches 40th anniversary heritage collection

Mango is kicking off the year by delving into its rich fashion history, having introduced a heritage collection that serves as a homage to the retailer's iconic 90s archives as it celebrates its 40th anniversary. This collection not only pays tribute but also revitalizes the most emblematic looks and patterns from that era, reflecting a...

Business

Mango partners with Madrid Polytechnic University, gives employees sustainability training

Spanish fashion brand Mango has joined forces with the Centre for Higher Education in Fashion Design (CSDMM, Centro Superior de Diseño de Moda), at the Polytechnic University of Madrid, to deepen its understanding of sustainability. The two signed an agreement and will develop a training programme that is set to kick off in 2024. The university’...

BusinessFeatured

Mango expects 2023 turnover to reach 3 billion euros

Mango expects to close the 2023 financial year with a turnover in excess of 3 billion euros. In 2024, the company is celebrating 40 years since the opening of its first store in Barcelona. Founded in Barcelona in 1984 by Isak Andic, Mango’s forecasted turnover for 2023 represents double-digit growth and the positive performance of all channels,...