Mango plans to open 35 new stores in India in 2023
Spanish fashion brand Mango is betting big on the Indian market for growth and plans to open 35 new stores this year along with its local franchise partner, Myntra.
The brand has tripled its presence in India in the past two years with 85 points of sale as compared to the 28 it had at the end of 2020.
Mango’s 35 new stores will include two new flagship stores in Bangalore and Ludhiana which will take its network to more than 110 points of sale by the end of the year.
Commenting on the India expansion plan, Daniel López, expansion director at Mango in a statement said, “Myntra is the perfect partner for Mango to strengthen our commitment to India, one of the most important markets in our internationalisation strategy, because, according to all forecasts, this country is destined to become the third-largest consumer market in the world within the next few years and we want Mango to have a significant presence in it, and this only can be done with the help of a local partner.”
As part of its expansion plan drive in India, Mango recently opened its first Mango Man store in the country which marked the launch of its menswear line in India.
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