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Spanish apparel retail chain Mango now in Sri Lanka
18 Feb '12
1 min read
Mango, a leading Spanish apparel retailer, has unveiled its first store in the island country of Sri Lanka, thus taking its presence to a total of 106 countries worldwide.
In pursuance of its plans of global expansion and its strategy to have its presence in each of the major cities of the world, the company has opened a store in Colombo, the first in Sri Lanka, Mango said.
Mango's first store was opened in Barcelona in 1984 and its first outlet outside the country was unveiled in Portugal in 1992. Since then it has expanded and it currently has around 2,400 stores in 106 countries globally.
Mango group posted sales of € 1.27 billion in 2010, the year for which financial results are last available. Mango's overseas stores contributed about 81 percent of this turnover.
Mango is Spain's second-largest apparel exporter after Inditex, which owns Zara, the world's biggest apparel retailer.
In pursuance of its plans of global expansion and its strategy to have its presence in each of the major cities of the world, the company has opened a store in Colombo, the first in Sri Lanka, Mango said.
Mango's first store was opened in Barcelona in 1984 and its first outlet outside the country was unveiled in Portugal in 1992. Since then it has expanded and it currently has around 2,400 stores in 106 countries globally.
Mango group posted sales of € 1.27 billion in 2010, the year for which financial results are last available. Mango's overseas stores contributed about 81 percent of this turnover.
Mango is Spain's second-largest apparel exporter after Inditex, which owns Zara, the world's biggest apparel retailer.
Fibre2fashion News Desk - India
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