Mango Secures €15 Million in Seed Funding Round to Drive Innovation and Sustainability

Mango, the renowned Spanish fashion group, has recently announced a successful funding round, securing an impressive €15 million to enhance its commitment to design, innovation, and sustainability in the fashion industry. With a robust presence in over 115 markets and a network of nearly 2,700 stores, Mango has remained at the forefront of fashion since its inception in 1984, leveraging its roots in Barcelona—the heart of textile creativity. The funding will primarily be directed towards the expansion of the El Hangar Design Centre, Mango’s creative hub, where the company develops over 18,000 unique garments and accessories each year. This investment aligns with Mango's mission to merge cutting-edge technology with sustainable practices to revolutionize the fashion landscape. As evidenced by their 2023 turnover of €3.1 billion, with a substantial 33% originating from online sales, the company is accelerating its adaptation to today’s fast-evolving retail environment. The additional financial backing will empower Mango to enhance its globalization strategy further, optimize its online presence, and continue to innovate with eco-friendly materials and processes, ultimately fostering a more sustainable future for fashion. With over 15,500 dedicated employees worldwide, Mango remains committed to putting the customer first while inspiring and leading in design-driven excellence. More information can be found at www.mangofashiongroup.com.