Board replacements for Mango

Board replacements for Mango

Spanish fashion group Mango will replace several high-level board members, particularly its CEO and CFO. Its current CEO, Enric Casa, will retire after nearly 20 years at the top of the company, while the company has also appointed a new Chief Financial Officer.

New CEO and CFO

The 58-year old CEO will step down "because of personal reasons", the company said, although he will remain part of the board of directors. The Chief Operations and Strategy Officer, Carlos Costa, and the new 45-year old CFO, Toni Ruiz, will take over the CEO's day-to-day tasks for the time being. 

 

Ruiz will start working at Mango on 15 February, after 16 years at construction group Leroy-Merlin. A new CEO will probably be appointed later on, but no date has been set so far.

 

Continue expansion

Mango had a 2013 turnover of 1.85 billion euro, thanks to 2,731 stores in 105 countries and more than 13,000 employees. The company hopes to hit even great heights, because it wants to "be present in every city". Despite its lofty goals, Mango has had to hit the brakes recently: it had hoped to reach a 4.97 billion euro turnover by 2017, but adjusted that number considerably recently, down to 3.27 billion euro.

 

Its target audience is women, men and children, but among its adult audience, it mostly reaches people in their 20's and 30's.

Questions or comments? Please feel free to contact the editors


Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Rewe uses chocolate pudding to see how little sugar is acceptable

18/01/2018

German supermarket chain Rewe has asked its customers how little sugar they can bear. It aims to lower its private label’s sugar levels, but the consumer will decide by how much.

Lidl dials down its American ambitions

18/01/2018

Lidl had hoped to have about 100 stores in the United States by the summer, but will be forced to adjust its first-year goals. It currently has 49 stores in the United States.

Carrefour looks back on difficult year

17/01/2018

Despite an fourth quarter improvement, Carrefour experienced a very difficult year. There was no growth in Belgium either and it now all depends on CEO Bompard’s new guidelines, which will be revealed next week.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Back to top