Crisis in the fashion industry? Not for Mango: the Spanish fashion group achieved double-digit growth in the first half of the year, helped by a strong focus on international expansion.
Store openings
Mango’s sales rose 12% to €1.7 billion in the first half of the current fiscal year 2025. Online represented 31% of sales at €535.68 million. International operations accounted for 78% of total sales. Spain, France, Turkey, Germany and the US are the largest markets for the company.
The physical shop network expanded with 78 shop openings and 30 renovations, bringing the total to 2,925 outlets in more than 120 markets at the end of June. Of these, 1,800 are company-owned and franchised shops, and nearly 1,100 are shop-in-shops. Among others, the fashion retailer opened new, large flagship shops in Munich and Barcelona. The first separate Mango Home shop also opened in the same city.
Distinctive offer
“In an uncertain sectorial, macroeconomic and geopolitical environment, the positive results of the first half of the year confirm the robustness of our model and strengthen our strategy,” said chairman and CEO Toni Ruiz. “We continue to grow with a long-term vision, executing a differential value proposition that is well received by our customers around the world.”
Just recently, Mango appointed Helena Helmersson, the former CEO of H&M, as an independent director. The group is reshuffling its management following the unexpected death of founder Isak Andic a few months ago.
