In 2008 Spanish high street company Mango closed its financial year with a turnover of €1.440 billion, which comes down to an increase in turnover of 8% over the previous financial year. Now the brand is expanding even further in the UK with its Manchester Airport store and new concessions in Fenwick and House of Fraser stores nationwide.
Earlier this year, Spain’s second-largest fashion exporter, opened a 94m2 in Manchester. With this opening, Mango continues to grow and establish itself in the international travel retail market, following previous openings in the airports of Gatwick, Madrid, Düsseldorf, Hong Kong, Kuala Lumpur, Zürich, San Francisco, Munich and Vancouver.
The opening of the new concessions in Fenwick and House of Fraser will take place during September 2009 in the following locations: Fenwick Brent Cross (97 m2), Fenwick Bentalls Kingston (52 m2), HoF Cheltenham (91 m2), HoF Croydon (104 m2), HoF Maidstone (82 m2) and HoF Manchester (89 m2). To date, MANGO has 38 points of sale in the UK and this number will increase to 44 after the opening of the six new concessions in September 2009.
Stefano Anoja, UK and Ireland Country Manager commented: “Following the successful roll out of concessions within House of Fraser we are delighted to open the first two concessions within Fenwick where we think that the brand will perfectly fit within the department store’s brands line up.”
Planned investment for 2009 is €100 million, which will be allocated to store openings, refurbishments and logistics and IT systems. Furthermore, forecast turnover for the Mango chain is €1.512 billion and €1.155 billion for the Consolidated Group, representing an increase of 5% over 2008.
Image: Scarlet Johanson for Mango