Mango Clothes A Trendy High Fashion Brand With Unique Business Principles
Let us discuss a few things about the worlds second Spanish fashion retailerMango. Although Mango and Zara have the same target market, their business model and strategies are different in many ways.
Mango was established in 1984 with the opening of their first store in Passeig de Gracia in Barcelona. One of the founding brothers, Isaak Andic, who is currently also the president, is in control of the company which is 100% family owned. Given the fact that it may enlarge the companys financial base, there are no plans of selling Mango shares in the stock market so far.