The Spanish brand Mango has announced a 20% lowering on the retail prices of its collections. The company started in 1992 with two stores in Portugal and now has 2,415 stores in 107 countries and is the second largest Spanish exporter of apparel.

The Mango MNG Holding SL and affiliates closed the 2010 fiscal year with a €1,270 million turnover, 81% of which was registered in foreign countries and 19% in Spain, its domestic market.