isak andic

Around a third of Spain's wealthiest people live in Catalonia

The Catalan fashion retailer Mango closed 2014 with a profit of €107 million, 11.2% less than in 2013, when the multinational based in Greater Barcelona earned €120.5 million. However, sales last year increased by 9.3%, reaching some €2.02 billion, with 82% coming from foreign markets, and the remaining 18% from the Spanish market. Online sales turnover now accounts for 9.1% of the company's total sales. In 2014, Mango created 2,331 jobs worldwide, representing a 17% increase on 2013 figures, and 28% of those jobs were in Spain. The company currently has over 15,700 employees worldwide. In 2015, it plans to invest €300 million in opening new stores, renovation work on existing stores, and logistic and IT systems.

The investment is to be added to the €360 million plan to build a new logistic park for the Catalan multinational within the next 10 years. Construction work on the logistic park started in February in an area near Mango’s world headquarters, which are located in Greater Barcelona’s town of Palau-solità i Plegamans. The €27 million investment announced on Wednesday is for a new industrial building that will begin construction this summer next to the company’s main offices. It will host the all the staff in charge of Mango’s new lines for teenagers and mature women – respectively called ‘Rebels’ and ‘Violeta’ – as well as the company’s brand for men ‘H.E. by Mango’. The new facilities will add 17,000 square metres to Mango’s headquarters.

The president of the multinational Catalan clothing store Mango, Isak Andic, affirmed, “We are not even at 30% of our capacity. “In 4 years, Mango will be twice what it is now”. Mango currently operates 1,200 stores in 105 countries and hopes to open 400 new establishments in 2011. They plan to become one of the top 3 clothing companies in the world.