Radar > 234254

Mango denies its exit from Colombia

Mango desmiente su salida de Colombia

Intel ID : 234254
Synopsis

Mango, a Spanish company engaged in clothing design and marketing, denied the closure of its stores in Colombia, as reported through a press release published by the parent company in Spain on 26 February 2016.

Specifically, the company clarified that not only there is no intention of exiting the Colombian market but Mango is strengthening its presence in the country.

According to Mercadeo y Moda's most recent announcement of store closure in Colombia, the company that has operated the brand in the country (see related Intel), Mango reiterates that there is no breach in contracts, and there has been nothing to indicate unfair competition.
(content in spanish)

Mango, empresa española dedicada al diseño y comercialización de prendas de vestir, ha desmentido el cierre de sus tiendas en Colombia, según un comunicado de prensa remitido por la casa matriz de España el 26 de febrero de 2016.

En concreto, la firma ha aclarado que no sólo no existe ninguna intención de abandonar el mercado colombiano sino que la firma española está reforzando su presencia en el país.

De acuerdo al más reciente anuncio de cierre de operaciones en Colombia por parte de Mercadeo y Moda, firma que ha operado la marca en el país (ver Intel relacionado), Mango reitera que no ha incurrido en ningún tipo de incumplimiento en los contratos suscritos con la firma, ni ha favorecido ninguna acción que pueda considerarse como competencia desleal.

Relevant Documents

Seller


Intel ID 234254
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Mango
(31 Dec 2023)
Revenue: EUR 3.103,80m
EBITDA: EUR 533,48m
Net Debt: EUR 1.060,45m
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Tags

Seller

Name
verified
Subsector (Old TTR Sectors)
Industry / Fashion and Textile (Primary)
Services and Distribution / Distribution and Retail
Primary Sector (TTRSC)
15.01.02 Clothing
15 Consumer Products & Services / 15.01 Apparel & Accessories

Secondary Sectors (TTRSC)
15.05.03 Clothing, Apparel & Accessories Retail
15 Consumer Products & Services / 15.05 Distribution & Retail

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potential Potential: Unconfirmed as a party to an active or possible transaction.

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