Mango CEO Toni Ruiz Receives 'Business Leader of the Year' Award from the Spain-U.S. Chamber of Commerce
, on Wednesday received the “Business Leader of the Year” award from the Spain-U.S. Chamber of Commerce, recognizing his contributions for establishing Mango as a major worldwide fashion company through its aggressive expansion.
Mango has achieved its goal of reaching 40 company-owned stores in the U.S. by the end of 2024 ahead of schedule and plans to exceed it by having 42 open at the close of the year. In 2025, Mango plans to open more than 20 stores in the U.S., including Seattle, Chicago, Miami and Las Vegas, among other locations. Mango is expected to have 65 company-owned stores open across the U.S. by the end of 2025.
Between 2024 and 2026 Mango plans to invest more than $100 million in the U.S. to open stores. Its headcount in the U.S. has grown from 30 employees in 2020 to more than 1,200 expected by 2025.“We are at the best moment of our history and there is no doubt developing the U.S. market is one of our key milestones. Our commitment with the U.S. is definitely long-term,” Ruiz said.
The award ceremony drew more than 200 representatives from politics, business and media from the U.S. and Spain. For Mango, the U.S. is among its five biggest markets, but the goal is for the U.S. to be one of its top three markets in terms of turnover by the end of 2026.Princess Charlene of Monaco Puts an Edgy Twist on a Winter Vest at the Inauguration of Christmas Lights in Monte-Carlo. We use vendors that may also process your information to help provide our services.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The sell-out Mango barn jacket every fashion person owns is backMango's barn jacket went viral and flew off the shelves earlier this season. The perfect example of the outerwear trend, it's now back in stock. Shop now.
Read more »
Mango's £45 sequin midi skirt is perfect for party seasonEvery woman needs a sequin midi skirt on rotation in her party season wardrobe, and Mango's new burgundy style ticks all our boxes.
Read more »
Mango’s Newest Collection Has Your Holiday Dressing Needs CoveredYou can check “find holiday event outfits” off of your to-do list thanks to Mango’s new party collection, which includes special-occasion essentials like maxi dresses and glam tuxedo separates.
Read more »
Mango's AI models slammed as 'false advertising' amid fears of lost jobsSay goodbye to overwhelming product searches and hello to personalized shopping experiences.
Read more »
Mango's feather trim co-ord is the perfect Christmas party dress alternativeMango's feather trim co-ord is the perfect alternative to a Christmas party dress and gives us major designer vibes. Shop now.
Read more »
Mango's viral faux fur coat is now in the Black Friday saleMango's viral teddy coat flies off the shelves every year, but now you can snap up the hero coat for less in the Black Friday sale.
Read more »