Top Spain retailers march inland market.
Facing rising living standard of China consumers, three Spain garment retailer magnates Mango, Cortefiel and Lotusse are planning to extend business and get more China market share.
Until now, only several Spain retailers such as Mango, Pablo Luna and Little Kiss etc keep their legs in China market. But recently, a latercomer-- Cortfiel promoted Springfield brand.
Mango who had opened 14 franchised stores was planning to open more seven outlets in the end of 2004. Since entered into China market, this company was striving to extend business always.
It is recently that Mango owned these outlets in China, but it enjoyed a good start total over 6million Euro profit in China market.
The company expected that it can generate 11million Euro turnover in China in 2009. Now, the output of Mango and its cooperator from Singapore has accounted for half of global one.
Different from Mango, Cortefiel signed the franchise contract with Ting Group Ltd and promoted the brand for youth Springfield.
