With the opening of a new store in Singapore, Spanish retailer Mango has made its first Asian debut with its ‘New Med’ concept as it continues its international expansion.
The new 500 square meter premises furthers its growth in the region and now has 10 stores in Singapore following a series of openings in April this year.
It comes as the brand marks 30 years of “international expansion” in 2022 as it continues to report accelerated growth overseas.
In a release, Mango said it will end the year with around 270 new stores worldwide, bringing its retail network to around 2,600 stores across all five continents.
Speaking on the subject, the company’s expansion director Daniel Lopez said: “We are celebrating 30 years of international expansion, strengthening our commitment to Asia, one of the most important markets in the company’s internationalization strategy, where we want to continue growing in the future.”
Mango originally launched on the mainland in 1995 with stores opening in Singapore and Taiwan.
It currently operates more than 450 stores in Asia, including branded and department store concessions.
Among its presence in the region, Mango sees India as one of its key hubs for international expansion, opening 33 stores in the country between 2021 and 2022.
In Europe, the retailer has also committed to growth in markets such as France, Italy and the UK, and outside of its key expansion markets, the US and Canada.
https://www.retailnews.asia/mango-introduces-new-med-concept-store-to-asia/?utm_source=rss&utm_medium=rss&utm_campaign=mango-introduces-new-med-concept-store-to-asia Mango introduces New Med concept store in Asia