Mango plans to close 2023 with “a historical sales record forecast” of 3,000 million euros and with some 2,700 points of sale around the world, as reported by the company, which gives entry to its CEO, Toni, in the share capital. Ruiz, becoming a shareholder of the group, and incorporating the president and CEO of Puig, Marc Puig, to its board.
The company has highlighted that these figures improve sales of 2,688 million euros in 2022 and “represents double-digit growth and a positive path in all its channels.”
In 2023, Mango has added 20 new countries to the 110 global markets where it operates online and has opened 130 new stores and renovated around 80 more.
Specifically, the company has landed this year for the first time in Texas, Georgia and California (United States), “a country that already has more than twenty points of sale.”
Mango’s CEO, Toni Ruiz, will enter Mango’s share capital with 5% of the shares, becoming the first shareholder outside the owner family.
The founder of Mango, Isak Andic, has assessed that Ruiz’s entry into the company’s shareholding “is recognition of his outstanding management.”
Ruiz thanked the operation and said that he will work with “solidity, stability and ambition to leave a bigger and better company for future generations.”
The company will expand its board of directors in 2024, which will go from four to nine members, after the incorporation of four independent directors (Jordi Canals, Jorge Lucaya, Jordi Constans and Marc Puig) and the appointment of Margarita Salvans, financial director of the group, as new executive director.
In March, the company will present its 2024-2026 Strategic Plan, which aims to reinforce the company’s differential value and boost sales “through a major expansion” of its store park and the growth of all its channels.
