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Mango sales and profits jump as it invests heavily in global ops

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Spanish fashion retail giant Mango is continuing its run of strong results and on Monday reported sales for 2024 of €3.339 billion. That was 7.6% higher than 2023, and at constant exchange rates, sales grew by 11.6%, above the market average.

Mango x Victoria Beckham – Mango

And how did it do profits-wise last year? Rather well. Net profit rose 27% to €219 million, EBITDA increased 19% year on year to €636 million and the gross margin reached 60.7%.

Its sales growth came as its expansion programme carried on at its previous fast pace with more new stores than ever in markets including the US, UK, Spain, Italy and others.

Mango’s international business accounts for 78% of total revenue and the countries with the highest turnover continue to be led by Spain, France, Turkey, Germany and the US, closely followed by Italy, the UK and Portugal.

It has an ongoing plan to expand its shops in the US in particular, one of its top five markets. It will open more than 60 stores between 2024 and 2025 after its return to the country with its first flagship store in New York in 2022.

But it’s not just about physical stores as the online channel contributed a third of the company’s sales with a turnover of around €1.1 billion last year.

Since 2019, the company has increased its revenues by 40%, above the average for the sector. Mango has clearly been growing strongly but remains Spain’s second-largest fashion retail business behind its peer Inditex. However, it has ambitions to get much bigger with a target of €400 million in sales by 2026 compared to the €3.339 billion 2024 figure.

The sales figures obviously benefitted from its new stores, but its heavy investment expenditure would have dented profits, although the spend should pay off on the profits front long term. In fact, 2024 saw the highest investment in Mango’s history, 17% more than the previous year, mainly allocated to the opening and refurbishment of all those stores, as well as to technological innovations, the expansion of its logistics capacity and the Mango Campus.

It spent over €219 million on 260+ store openings in 2024, to reach more than 2,800 stores in over 120 markets around the world.

It also launched elevated collections and a key collaboration with Victoria Beckham. And it said this paid off as all business lines developed favourably last year as Man and Kids & Teen “recorded strong growth and increased their proportion of total turnover”. Yet Mango Woman remains the driving force of its sales, accounting for 79% of the business.

But it was a tough year in some ways too with the business losing its founder Isak Andic in an accident in December.

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creativity rules with Niccolò Pasqualetti, Duran Lantink, Ottolinger, Atlein

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Translated by

Nicola Mira

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March 10, 2025

Paris Fashion Week Women is drawing to a close, but continues to feature interesting surprises. On Sunday, it showcased inventive collections by several emerging labels, all of them standing out this season for their ground-breaking research and increasingly sophisticated looks. Like those presented by Niccolò Pasqualetti, Duran Lantink, Ottolinger, and Atlein.

Niccolò Pasqualetti, Fall/Winter 2025-26 – ©Launchmetrics/spotlight

In his second show on the Parisian calendar, Pasqualetti confirmed he is a talented designer with a collection that was both chic and nonchalant, enriched by a couture touch. The looks had an extremely contemporary feel, and featured classic items reinterpreted via unusual constructions and impeccable cuts, each silhouette made more appealing by a special little twist.

Skirts, dresses and coats were made from roughly assembled fabric swathes, their edges often unstitched. But genuine couture expertise could be glimpsed beneath this apparent simplicity and improvisation. Everything fell just so, thanks to a painstaking attention to deconstruction and draping, to asymmetries and minute details. Pasqualetti harmoniously blended the most disparate materials.

A frilled leather doublet was matched with a skirt embroidered with glittering rods, the look elevated by a maxi fur stole. A grey wool sheet, seemingly balanced on one shoulder, morphed into an elegant minimalist dress, the model’s neck covered by a removable ribbed collar extending into a plastron, on which four crystal blocks held within a fine mesh acted as a necklace.

The trousers were ample, the sweaters soft and loose, the coats enveloping like throws. After an opening series of austere looks in total black, the collection was all light and purity, for example the sheer pearl tunics, and ended with a sequence of more experimental, unbridled items.

Duran Lantink, Fall/Winter 2025-26 – ©Launchmetrics/spotlight

Duran Lantink captivated his audience with an ultra-inventive, high-quality collection brimming with great ideas and amusing quirks, like the flesh-coloured silicone t-shirt reproducing a muscular chest with macho pecs, worn by the cute brunette who opened the show, and its female counterpart with big bare swinging breasts, flaunted at the end of the show by a young blonde guy to thundering applause.

The Dutch designer, a serial award winner at the most prestigious fashion competitions who is slated to become Jean Paul Gaultier‘s next creative director, surpassed himself as he transformed his wardrobe by introducing new shapes and constructions. Seemingly classic trousers and skirts overflowed on the sides, worn low on the waist and held in place by an astonishing technical feat.

In some cases, the trousers’ upper section was removable, being simply attached to the waist by a belt, leaving the buttocks bare at the back while the model’s legs were encased by the trousers from thighs to feet. The same principle was applied to pleated skirts that became double, one worn as normal and the other attached at the front. And to broad rectangular check skirts that were simply affixed to the front like aprons. Upside-down shirts, their sleeves hanging free, were also transformed into skirts.

This season, Lantink also featured a variety of printed patterns which he mixed and matched with gusto. Like animal-print (snakeskin, zebra, leopard and cowhide) and camo patterns. The collection did feature some of the label’s typical silhouettes, with rounded, burgeoning shapes obtained with padded extensions, but Duran Lantink’s wardrobe for next winter also explored trompe l’oeil effects with slinky jumpsuits hugging the body like a second skin, looking almost like body paint, matched with tonal oversize boots.

Ottolinger, Fall/Winter 2025-26 – ©Launchmetrics/spotlight

 
A strident note sounded within the vast space home to the Ottolinger show. The models stepped across the hall with a determined stride, ready to face what promised to be a long day. They oozed vibrant energy in their spare, sporty outfits, whose garments, fastened and done up with laces and drawstrings in signature Ottolinger style, literally clung to their bodies to create skin-tight silhouettes.

The clothes reflected the mindset of women with an overbooked diary. They were functional and versatile, suitable for both private and public engagements. Hoodies, T-shirts and jersey tracksuit tops were wrapped tight around the chest. They were worn with form-fitting skirts and leggings made of Lycra and other stretch materials, all of the latter seemingly made using nylon tights in different skin tones.

Cushioned pads and rings added volume at the sides, belly or shoulders of these long, sleek silhouettes. A detachable pad nestled behind a model’s neck, tied like a hood by a simple strip of fabric, or attached to fasteners slipped into the sleeves.

Designers Christa Bösch and Cosima Gradient, both from Switzerland, reintroduced skinny jeans this season, but after their own fashion, with cut-outs for a distressed effect, and detachable pockets revealing a darker indigo print, notably on some gold-painted jeans.

The collection put the accent on practicality, featuring cocooning ultra-light neoprene jackets lined with felt, and business suits in stretch fabric. A more creative element was introduced by the lace tops, skirts and trousers decorated with prints of graphic works by Julien Ceccaldi.

Atlein – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight

Atlein continues to broaden its range. The label’s founder and creative director Antonin Tron has expanded his vocabulary with new looks and materials. Long draped or gathered jersey dresses are still the core of his wardrobe, but Tron has shifted away from evening wear to also include tops, coats and trousers in a more urban sportswear mood.

“I really wanted to add to the wardrobe, showing the other side of Atlein. I took my time, but I now have a wider range of coats, cropped tops, trousers and jackets,” Tron told FashionNetwork.com. Yet, even with this outerwear and daywear register, Tron still painstakingly curated each garment’s lines and architecture.

The jackets and maxi coats with a wide woollen collar, cinched at the waist with a bathrobe belt, looked very attractive. The shearling faux-leather aviator jackets were cut shorter, to further streamline the silhouette. Suit jackets featured statement shoulders, but fitted tightly at the back through a system of drawstrings and gathers. Wool trousers rose high on the waist, tapering to a V where they fastened. A tracksuit top in a cotton and elastane blend took on volume and an almost couture-like shape.

Tron has found ingenious solutions to design looks suitable to all sizes and tastes, notably by creating a series of draped and gathered bodysuits, worn simply over a pair of tights, as a top slipped into trousers, or transformed into majestic evening dresses with the addition of a sheath skirt. For a small independent label like Atlein, managing to maintain this level of detail and quality in today’s tough business environment deserves the utmost respect.

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L’Oréal names new dermatological beauty division president for North America

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L’Oréal Groupe has announced the appointment of Damien Favre to the role of president of the L’Oréal dermatological beauty (LDB) division for the North America zone. 

Sofia Richie Grainge is the new face of SkinCeuticals – SkinCeuticals

A veteran of the French cosmetics giant, Favre joins LDB from the group’s consumer products division (CPD) in the Latin America zone. During four-year tenure, Favre is credit for more than doubling net sales and raising the portfolio’s brand image, as well as being recognized as CPD’s fastest-growing zone worldwide. 

​The executive joined L’Oréal in 2005 with the L’Oréal Paris marketing team in France. Over the last 20 years, he has gone on to hold leadership roles as Garnier‘s marketing director for Western Europe, Garnier’s general manager in Italy, and the CPD general manager in Argentina.

Damien Favre’s impressive track record of driving growth, building brands, navigating complex market dynamics, and fostering a culture of high performance make him ideally positioned to lead L’Oréal Dermatological Beauty in North America as the Division continues to evolve,” said David Greenberg, CEO of L’Oréal USA and president of the North America zone.

“Damien’s dedication to driving innovation will undoubtedly fuel the Division to continue to deliver dermatological solutions that consumers need.” 

Favre succeeds Christina Fair, who was appointed president of the consumer products division for L’Oréal’s North America zone, in February this year.

L’Oréal’s dermatological beauty division is comprised of five brands include La Roche Posay, CeraVe, Vichy Laboratoires, and Skin Better Science.
 

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Sabyasachi, India’s designer to stars, says big weddings are out of style

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By

Bloomberg

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March 10, 2025

India’s most famous bridalwear designer is calling an end to the industry he helped supersize.

Sabyasachi

Sales of elaborate bridal outfits — typically weighing up to 17 pounds and costing more than $6,800 — are declining, according to Sabyasachi Mukherjee, who has dressed some of India’s most famous women, including billionaire heiress Isha Ambani. Modern brides are now looking for more low-key designs as part of a broader shift away from traditionally ostentatious wedding celebrations, he said. 

“The wedding industry in India as we know of it today is breathing its last,” Mukherjee said in an interview at his 25,000-square-foot (2,323 square meter) store in Mumbai. 

Sustained economic growth is transforming India’s consumer landscape and its increasingly affluent population has made the country one of the fastest-growing luxury markets in the world. 

At the top end, the number of people with a net worth of more than $30 million is expected to grow 50% between 2023 and 2028, according to McKinsey & Co. But aspirational customers are set to balloon too, hitting 100 million by 2027, the consulting firm estimates.

That presents immense opportunity, and Mukherjee said there’s been an increase in purchases of “entry-level” saris. But it’s also made carving out market share “survival of the fittest,” he said. His company is set to earn about $60 million in revenue this year, he estimates.

Mukherjee says his current focus is on adding stores in India, before any significant global expansion, and launching additional product lines. 

That includes boosting his offerings of jewelry, which already account for about a quarter of revenue and will soon surpass his label’s apparel sales, to include smaller ornaments at competitive prices. Perfume and beauty products are set to launch within a year and Mukherjee said he wants to leverage his wallpaper and furnishings line into designing homes and hotels.

“I’ve never considered Sabyasachi to be a fashion brand, it’s a lifestyle brand,” he said. Some of his expansion plans will rely on collaborations, he said. So far, he’s worked with Hennes & Mauritz AB and Starbucks Corp., as well as Bergdorf Goodman.

The growth of India’s premium sector is attracting some of the country’s wealthiest tycoons. Mukesh Ambani’s Reliance Brands Ltd. has invested in MM Styles Ltd., which owns the eponymous fashion house run by Bollywood stylist Manish Malhotra. The conglomerate has also taken a 52% stake in the label of Ritu Kumar, another Indian designer.

Kumar Mangalam Birla has also added a luxury presence. That includes a 51% stake in Mukherjee’s Sabyasachi brand bought in 2021.

That backing is core to Mukherjee’s ambitions to build a homegrown luxury brand that can compete with European and American labels. “Soon, India will be the biggest and I want to ride that wave,” he said.
 



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