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Mango to enter US market

By FashionUnited

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The Spanish fashion chain has proved to be such a success in Europe that it is now set to launch in Canada next year. From there the company plans to enter the US market.

Mango reported that it will open five stores in Toronto and Montreal in the first half of next year, with further plans to open another 25 stores across the country over the next five years. Mango's head of expansion, Isak Halfon, revealed that Montreal and Toronto are a priority for the company. He added that Mango plans to use Canada as a bridge into the US. The company chose Canada because of its "great growth potential and its affinity to Europe."

Mango has been busy expanding its business this year. It entered new markets such as Vietnam and Azerbaijan and will be opening new stores in Lithuania, Macao, Armenia and Hungary by year's end. It will also be opening 10 stores in China before the end of the year. The group reached a sales mark of £ 720 million in 2003, with approximately 100 stores opening per year. Mango currently has 755 stories in 73 countries, with 73% of sales being generated outside Spain.

Mango