Latest news with #SupriyaLele
Yahoo
4 days ago
- Business
- Yahoo
Spanish retailer Mango reports 12% turnover growth for H1 2025
Spanish fashion retailer Mango has reported a turnover of €1.728bn ($2bn) for the first half (H1) of 2025 - a 12% increase compared to the same period of 2024. The company has experienced 14% growth at constant exchange rates. The brand attributes its success to the favourable reception of its collections by customers and its unique value proposition. Growth and expansion across all its channels have contributed to the like-for-like sales increase. In H1 2025, Mango launched exclusive capsule collections, including a collaboration with British-Indian designer Supriya Lele, and appointed model Kaia Gerber as brand ambassador. Editions desribed as "innovative" were also launched across the Woman, Man, Kids, and Teen categories. The retailer also opened the world's first Mango Home shop in Barcelona, Spain. Mango invested €110m in strategic projects, with 70% allocated to shop openings and refurbishments. Remaining funds were directed towards the development of Mango's new corporate campus, technological transformation and the final phase of the logistics centre expansion in Lliçà. Mango's international sales comprise 78% of its total turnover. The top five markets in terms of turnover in H1 2025 were Spain, France, Türkiye, Germany and the US. The physical channel expansion of the brand comprised 78 new openings and 30 refurbishments, bringing the total to 2,925 points of sale across 120 markets. The online channel has continued to grow, accounting for 31% of total turnover for the first half of the year. Mango has promoted Marlies Hersbach as its new online and e-commerce chief officer. The launch of Mango Stylist, an AI-based conversational tool, has further personalised its online shopping experience. Mango has appointed Toni Ruiz as chairman of the board of directors and Jonathan Andic as vice-chairman, along with two new independent directors, Manel Adell and Helena Helmersson, to reinforce corporate governance. Ruiz stated: "In an uncertain sectorial, macroeconomic and geopolitical environment, the positive results of the first half of the year confirm the robustness of our model and strengthen our strategy. We continue to grow with a long-term vision, executing a differential value proposition that is well received by our customers around the world, and with continuous improvement of our sales channels". Mango has changed its corporate name to Mango MNG from Punto Fa, enhancing transparency and regulatory compliance. The company's commitment to sustainability has been strengthened through new collaborations with The Post Fiber and Circulose. "Spanish retailer Mango reports 12% turnover growth for H1 2025" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
Spain's Mango hits double-digit growth in H1 2025, revenue over $2 bn
Spanish fast-fashion retailer Mango has delivered a robust performance in the first half (H1) of 2025, reporting a turnover of €1.73 billion (~$2.1 billion)—a 12 per cent year-over-year (YoY) increase, or 14 per cent at constant exchange rates. The results underscore the effectiveness of Mango's global strategy, diverse product portfolio, and growing customer appeal. International markets contributed 78 per cent of total turnover, with Spain, France, Turkiye, Germany, and the United States among the top-performing regions. The brand's 100 per cent Barcelona-designed collections continued to drive performance across all lines. Mango has reported €1.73 billion (~$2.1 billion) in H1 2025 turnover, up 12 per cent YoY. International markets contributed 78 per cent of sales, with strong growth across retail and online channels. Key developments included new store launches, AI tool, capsule collections, and sustainability partnerships. The company invested €110 million (~$127.6 million) to reinforce its global strategy. Mango expanded its global retail footprint to 2,925 points of sale across over 120 markets, supported by 78 new store openings and 30 refurbishments in key cities including Munich, Barcelona, London, Miami, and Paris. Notable launches included the first Mango Man standalone shop in the UK and the first Mango Teen shop in Portugal, now the third-largest market for the youth line after the UK and Andorra, Mango said in a press release. Online sales remained a key growth driver, accounting for 31 per cent of total revenue. Enhancing its digital experience, Mango launched 'Mango Stylist', an AI-powered tool offering personalised product suggestions and fashion advice. The company also introduced exclusive capsule collections, including a collaboration with designer Supriya Lele, and named model Kaia Gerber as brand ambassador. New launches spanned the Woman, Man, Kids, and Teen lines. Leadership changes included the appointment of Toni Ruiz as chairman in addition to his CEO role, and Jonathan Andic as vice chairman. The board was further reinforced with two new independent directors: Manel Adell and Helena Helmersson. Strategic investments totalled approximately €110 million (~$127.6 million), primarily directed towards store development, a new corporate campus, digital transformation, and the final phase of logistics expansion in Llica. Mango further advanced its sustainability strategy through partnerships with The Post Fiber and Circulose, added the release. 'In an uncertain sectorial, macroeconomic and geopolitical environment, the positive results of the first half of the year confirm the robustness of our model and strengthen our strategy. We continue to grow with a long-term vision, executing a differential value proposition that is well received by our customers around the world, and with continuous improvement of our sales channels,' said Toni Ruiz, chairman and chief executive officer (CEO) of Mango. Fibre2Fashion News Desk (SG)
Elle
12-06-2025
- Entertainment
- Elle
6 Crochet Dresses And Exactly What To Wear Them With This Summer
The crochet dress is having a big revival this summer. From Supriya Lele's crochet-filled Mango collaboration, to Magda Butrym's crochet covered New York pop-up, crochet has become the the fabrication of the season, and summer dresses always reign supreme. And while the technique has a long and storied history traversing continents, centuries and social movements, we're mainly concerned with how we wear the semi-naked fabric in the here and now. Feel free to accuse us of being shallow, but we think you might feel the same. Starting at the foundation, an outfit featuring crochet likely means an outfit featuring a level of nudity. Thankfully, underwear, solutionwear and bikinis mean you can decide exactly how naked you want to be, according to your personal preference and setting. If you're looking to lean a little more incognito, Skims, Commando and Spanx offer skin-hued basics that allow you to stay under the radar, while brands like Fruity Booty will help you pack a colourful or patterned punch with your underwear or swimwear. As for the dress itself, designers such as Diotima and Kettel Atelier highlight the true craftsmanship of crochet work thanks to their intricate midi dresses. Likewise, Dôen and Rixo give a portal to the Seventies with their Birkin-esque mini dresses. Whether for the beach or the bar, Mango has a crochet option for both. Now, for shoes. Heels and flats work equally well with crochet, but anything with texture should be prioritised. Whether you double up on crocheting, contrast with PVC or complement with woven rope, the more tactile, the better. Looks like we have the naked dress of summer 2025, now wear it with aplomb. ELLE Collective is a new community of fashion, beauty and culture lovers. For access to exclusive content, events, inspiring advice from our Editors and industry experts, as well the opportunity to meet designers, thought-leaders and stylists, become a member today HERE. Daisy Murray is the Digital Fashion Editor at ELLE UK, spotlighting emerging designers, sustainable shopping, and celebrity style. Since joining in 2016 as an editorial intern, Daisy has run the gamut of fashion journalism - interviewing Molly Goddard backstage at London Fashion Week, investigating the power of androgynous dressing and celebrating the joys of vintage shopping.
Metro
08-06-2025
- Business
- Metro
Popular discount store announces another shop closure
Eleven branches of the Original Factory Shop will shut in the coming weeks after the discount chain announced further closures. The group's store in Middlewich, Cheshire, will close its doors for good on Saturday, June 28. It's the latest location earmarked for closure by the group, which had already announced the shuttering of 10 stores over the next month, including branches in Dorset, Aberdeenshire and Cumbria. This is in addition to five further shops, which will be put up for sale. Residents reacted to the blow to their local high street, saying they would miss the discount store. One wrote: 'What a shame. So sorry for the staff.' 'Another blow for Middlewich… sad news. Staff always friendly and the store was good to shop in…', another commented. A third said: 'There is going to be nothing left in Middlewich everything is closing down.' The Original Factory Shop was purchased by Hobbycraft owner Modella in February. Modella also recently acquired WH Smith's High Street stores, which will be rebranded to TG Jones. The group announced its intention to place TOFS into a company voluntary arrangement or CVA – a scheme used to avoid insolvency and prevent the business from collapsing. As part of the process 'a number of loss-making stores will have to close,' the company said. The latest closures follow over a dozen shops already shuttered in the past year, the Sun reported. More Trending Over 13,000 shops closed their doors permanently last year, amid squeezes on business, including the increase to employers' National Insurance contributions. A total of 11 stores are now due to close over the coming weeks Milford Haven, Pembrokeshire – June 26 Arbroath, Angus – June 28 Chester Le Street, County Durham – June 28 Kidwelly, Carmarthenshire – June 28 Middlewich -June 28 Normanton, West Yorkshire – June 28 Pershore, Worcestershire – June 28 Perth – June 28 Peterhead, Aberdeenshire – June 28 Shaftesbury, Dorset – June 28 Staveley, Cumbria – July 12 The following five stores are set to be sold: Nairn Market Drayton Troon Blairgowrie Castle Douglas Other high street names including Iceland and Poundland have announced store closures, with hundreds of locations facing an uncertain future. Most recently, fashion giant River Island announced it had called in consultants to discuss how to keep stores open through tough trading conditions. The brand has had a high street presence for more than 75 years, having previously named Lewis and then Chelsea Girl before being renamed to its current iteration in 1988. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: The best-selling bra top range from Uniqlo has expanded ahead of summer MORE: Supriya Lele x Mango collection has landed and here's everything we're buying MORE: These are the must-have straw and raffia bags to see you through summer
Metro
08-06-2025
- Business
- Metro
Major high street brand with over 250 UK stores 'at risk of collapse'
One of the best known brands on the British high street is reported to be close to closing its doors, with bosses working on a 'radical rescue plan'. Fashion retailer River Island is working with consultants to draw up a way to keep stores going amid tough trading conditions. Proposals drawn up with PricewaterhouseCoopers (PwC) are expected to be signed off within weeks. Some stores, as well as some of the 5,500 staff employed by the firm, could be affected by the move, Sky News reported. River Island has been around for more than 75 years, previously named Lewis and then Chelsea Girl before being renamed to its current iteration in 1988. In the brand's latest accounts submited to Companies House, they acknowledged the difficulties faced, saying they made a £33.2 million loss before tax, compared to a £2 million profit the year before. At the same time, their turnover dropped by 19% to £578.1 million, compared to £715.3 million the year before. They blamed this on loss of sales and operating costs inflation, including wage growth, and the cost of clearing excess stock. They said: 'The market for retailing of fashion clothing is fast changing with customer preferences for more diverse, convenient and speedier shopping journeys and with increasing competition especially in the digital space. 'The key business risks for the group are the pressures of a highly competitive and changing retail environment combined with increased economic uncertainty. 'A number of geopolitical events have resulted in continuing supply chain disruption as well as energy, labour and food price increases, driving inflation and interest rates higher and resulting in weaker disposable income and lower consumer confidence.' In January, the chain was reported to have hired AlixPartners to consult on how to cut costs and boost profits. More Trending The loss of River Island stores would be just the latest in a series of setbacks for the UK high street, which has been blighted by the exodus of shops and businesses in recent years. Last month, we reported how 78 bank branches were about to close from four banking giants. NatWest, Lloyds, Halifax and Santander are closing dozens of branches, meaning customers who need in-person services might have to travel further away to visit a branch. River Island has been contacted for comment. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: The best-selling bra top range from Uniqlo has expanded ahead of summer MORE: Supriya Lele x Mango collection has landed and here's everything we're buying MORE: Urgent recall of 1,700,000 air conditioners over fears they harbour mold
