MADRID — Mango, the Spanish specialty chain, reported today a 20 percent jump in turnover for 2012 — to 1.69 billion euros, or $2.21 billion at current exchange rates.Foreign markets accounted for 84 percent of the total, the company said.
With 2,600 stores in 107 countries, Mango opened 197 stores worldwide last year including 17 domestic units and 180 international locations.New retail markets included Burma and Pakistan.
For this year, the brand will strengthen its global reach through a new “megastore” format of from 8,611 to 32,292 square feet that will house the company’s five chains — Mango, H.E by Mango (mens’s), Mango Touch (accessories), Mango Kids and Mango Sport & Intimates.The Barcelona-based firm said it will open additional stores this year in Europe, the group’s biggest taker, specifically in Spain, Germany, France, Holland and Italy, as well as Poland and Russia.In addition, the brand’s largest store, stretching over 32,000 square feet., will rollout in Ankara, the Turkish capital, and the label will debut in such emerging markets as Angola, Zimbabwe and Mongolia.
On tap too is South America, where Mango “is implementing a broad plan of expansion” particularly in Chile and Peru, where 32 and 24 stores are planned, respectively, according to a corporate statement.Also on the drawing board are store openings in the Middle East, Southeast Asia and former Soviet Union countries.
With online sales of 70 million euros ($92 million) last year — a 93 percent increase over 2011 — the group’s digital store network grew to 46 countries with double turnover and online expansion in Asian markets and the Middle East expected for 2013.
By year’s end, Mango plans capital expenditures to reach 265 million euros, or $347 million, for retail openings, renovations, distribution centers and information systems.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)