Mango exits Australian market
Mango sale del mercado australiano
Intel ID : 224876
Synopsis |
Mango, a Spain-based clothing company, is reorganizing its presence in the international market. The company decided to exit the Australian market, and closed seven stores, as published website Moda.es on 6 May 2015. In 2002, Mango entered Australia, and controlled seven stores through franchise agreements. As of now, Mango will sell only through their website. In addition, in 2014, Mango closed its stores in countries such as Brazil, Bulgaria, Slovenia, Monaco and Montenegro, and reduced its presence in China, where it closed half of its outlets. Furthermore, Mango entered new markets in recent years, such as Ghana, Equatorial Guinea, Uzbekistan and Bulgaria. Today, they are present in 108 countries with a distribution network of 2,700 outlets.
(content in spanish)
La empresa textil española Mango está reorganizando su presencia en el mercado internacional. Con ello ha decidido salir del mercado australiano, con lo que ha echado el cierre a sus siete tiendas que tiene en el país, según ha publicado el diario online Moda.es el día 6 de mayo de 2015. Mango entró en Australia en el año 2002, y hasta hoy ha estado operando con siete tiendas con la fórmula de franquicia. A partir de ahora Mango venderá en el país australiano solamente de forma online. Mango, además de en Australia, se retiró en 2014 de países como Brasil, Bulgaria, Eslovenia, Mónaco y Montenegro, y redujo su presencia en China, donde llevó a cabo el cierre de la mitad de sus puntos de venta. A parte de esto, Mango también ha entrado en nuevos mercados en los últimos años, como son Ghana, Guinea Ecuatorial, Uzbekistan o Bulgaria, Hoy día cuenta con presencia en 108 países y tiene una red de distribución con 2.700 puntos de venta. |
Intel ID | 224876 | |
Value | ND | |
Native Currency | Euro (EUR) | |
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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15.01.02 Clothing 15 Consumer Products & Services / 15.01 Apparel & Accessories |
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15.05.03 Clothing, Apparel & Accessories Retail 15 Consumer Products & Services / 15.05 Distribution & Retail |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.