One of the most ravishing multinational fashion brands, Mango, the Spanish fashion retailer, productively concentrates on manufacturing women’s and men’s clothing accessories. It has come forward with an impressive increase in their sales by 8% for 2024, paving the way to reach a total of 3.33 billion euros ($3.62 billion).
This tremendous growth can be attributed to the company’s successful international expansion, notably in the United States, where it’s focusing on opening new stores. The primary aim of Mango is to reach 4 billion euros in sales by 2026, being passionate about its success-driven expansion plans.
The company’s net profit also witnessed a significant hike of 27% to 219 million euros, while its gross margin reached 60.7% in 2024. Mango’s global markets accounted for a substantial 78% of its total sales, with the company investing 219 million euros to add 260 new markets to its network of 2,800 in 2024. The brand is also keenly focused on strengthening its online presence.
