Spanish retail giant Mango announced on November 21 it has opened a new store in Singapore, the first store in Asia to feature its Mediterranean-inspired store concept, ‘New Med’.
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Located in Singapore’s Parkway Parade shopping centre, the new store has a selling space of more than 500 square metres, in which the company will offer products and articles from its woman, man and kid’s lines.
The new Singapore store opening takes Mango’s local store count to ten stores in the country, after integrating as company-owned four stores in April that were previously franchises, located in the Ion Orchard, Raffles City, 313 Somerset and JEM shopping centres.
The growth in Singapore strengthens the international presence of the company, which in 2022 celebrated thirty years of international expansion with a financial year filled with accelerated growth of development abroad.
“We are celebrating thirty years of international expansion by strengthening our commitment to Asia, one of the most important markets in the company’s internationalisation strategy and one in which we want to continue growing in the future,” said Daniel López, Mango’s expansion director.
Mango first entered Asia in 1995, with store openings in Singapore and Taiwan, followed by the Philippines, Thailand, China and India.
Today, Mango has over 450 stores in Asia, including company-owned stores and corners in department stores. India is one of the Asian countries in which Mango has the greatest presence and one of the key focuses of the company’s international expansion in the Asian continent.
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Globally, Mango looks to close the year with approximately 270 new stores worldwide, bringing the total store network to approximately 2,600 stores across the globe.