Retail in Asia

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Mango to focus on Russia and China as turnover rises 11pc in 2011

Spanish womenswear chain Mango said turnover increased by 11 percent in 2011 to EUR1.4 billion (USD1.84b) as it continues to focus on the Russian and Chinese markets.

Reporting its results for its 2011 full-year, Mango said it plans to open a further 80 retail outlets in China and another 30 in Russia because of the "huge growth potential" that exists in both countries.

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(Source: Drapers)