Spanish fashion retail chain Mango has unveiled its investment plans for the current year, which comprehend a forecast investment of €300 million in various business categories and also the initial construction work of the brand’s new logistics park in Lliçà d’Amunt (Spain). According to the company, the new logistics park will allow the group to implement its ambitious expansion plan. The first phase of the works encompasses the construction of 160,000sqm of the total of 330,000sqm, and will be completed in January 2016.

Besides, Mango is already working on the enlargement of its current design center called El Hangar in Palau-solità i Plegamans (Spain) by more than 24,000sqm, to reach a surface over 80,000sqm.

The group forecast investment of €300 million in 2015 will be allocated to new store openings, store refurbishments, logistics systems and IT systems.

Mango closed the financial year 2014 with a turnover of €2,017 billion and a profit of €107 million. Online sales account for 9.1% of the total company turnover. This year, the brand will focus on South America, Asia and Africa to expand the e-commerce business, in countries where it already operates through physical stores. The Spanish retailer created 2,331 jobs worldwide last year and currently has over 15,700 employees.