MANGO Is Counting On Major Brands For Its Expansion Plan In India

Top Quote Major Brands To Open Six New Stores This Year. End Quote
  • (1888PressRelease) May 03, 2011 - Barcelona - MANGO, Spain's most international fashion company, continues to expand in the Indian market under its commercial agreement with MAJOR BRANDS, a longtime franchisee in India.

    Major Brands, which currently has 14 stores of the brand, was the first company MANGO established a partnership with in the year 2001. Over time, with handsome investments into branding and market creation, the partnership has grown in strength.

    Daniel López, managing partner and Deputy General Manager of MANGO declared: " we are opening 6 New stores with MAJOR BRANDS in Mumbai, Chandigarh, Ludhiana, Mohali, Ahmedabad. Majorbrands has been not only our retail partner, but a committed communication partner as well, making MANGO a household name among the affluent class in India. We have no licensing agreements with any other partner in India. What we do have is another approved franchisee, DLF Brands for the south, some regions of the west and our Delhi airport stores. This is an exciting development for us."

    The enthusiasm is understandable considering that the Indian market is at an optimal moment of expansion, an emerging market located in a country with huge potential for growth. And with separate markets earmarked for the two franchisees, things can only get better for MANGO.

    MANGO now has a total of 16 stores distributed throughout India in cities such as Mumbai, New Delhi, Bangalore, Gurgaon, Hyderabad, Kolkata and Pune, among others. It also has 2 shop in shop format with Shoppers Stop. MANGO will grow stronger through two committed franchise partners, in separate geographical markets and believe that there is enough room for both.

    MANGO began its international expansion in 1992 with the opening of two franchises in Portugal. In 2010, MANGO increased its number of stores by 380, which represents more than one new store opening every day: 7 in Spain and 373 abroad. The fashion chain closed the 2010 financial year with a turnover of 1.27 billion euros for the MANGO/MNG Holding S.L. and subsidiary companies, a figure that corresponds to R.R.P. sales excluding VAT for company-owned stores, plus wholesale sales to franchises. Sales for the MANGO Chain (R.R.P. sales excluding VAT) were 1.59 billion euros.

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