Mango announced a turnover of 3,000 million euros for 2023

December 22, 2023 by
Frank Calviño

Mango announced that it expects to end the 2023 financial year with a turnover that will exceed 3,000 million euros. This result, which improves on the current sales record of 2,688 million euros in 2022, "represents double-digit growth and a positive path in all its channels, including the online channel".

During 2024, Mango will promote different initiatives that will strengthen the stability and solidity of the group, such as the presentation of its Strategic Plan 2024-2026 next March. 

The new roadmap will be focused on strengthening its differential value proposition, the commitment to innovation and sustainability, and boosting sales through a major expansion of its stores and the growth of all its channels. 

Thus, the company will carry out an ambitious expansion plan until 2026, with nearly 500 new openings, focusing its efforts on key markets such as the United States, Spain, France, Italy, the United Kingdom, India, and Canada.

Throughout 2023, Mango has expanded its online sales to twenty new countries to exceed 110 markets worldwide and has consolidated its commitment to the physical channel with more than 130 net openings and 80 refurbishments since the beginning of the year to reach nearly 2,700 points of sale in more than 115 markets around the world. 

This year, the company has landed for the first time in the states of Texas, Georgia, and California (United States), where it already has more than twenty points of sale.

A stronger corporate structure 

The company will also strengthen its corporate governance in 2024 with the expansion of its board of directors, which, as of next March, will increase its composition from four to nine members. 

 Thus, Mango's new board of directors will be made up of: Isak Andic, non-executive chairman; Toni Ruiz, CEO; Jonathan Andic, Daniel López and Margarita Salvans, as executive directors; and four independent directors: Jordi Canals, professor and president of the Center for Corporate Governance at IESE Business School; Jorge Lucaya, founding partner of AZ Capital; Jordi Constans, board member and former board member of several national and international companies; and Marc Puig, president and CEO of Puig.

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