86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
Translated by
Roberta HERRERA
Published
Nov 9, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Mango simplifies its corporate structure and absorbs two of its subsidiaries

Translated by
Roberta HERRERA
Published
Nov 9, 2022

Punto Fa, parent company of the Mango textile group which accounts for a large part of its business, will merge by absorption two of its subsidiaries, Punto Mi SL and Diknah SL, both managed by Jonathan Andic, son of the company's founder and owner, Isak Andic.


Mango streamlines its structure and absorbs two of its subsidiaries - DR


Both companies will be absorbed once their assets and liabilities are transferred. This operation, published in the Official Gazette of the Mercantile Registry, is part of Mango's corporate simplification process, according to Spanish business newspaper Cinco Días. 

Over the last few years, Mango has maintained its structure of between 50 and 55 companies, a figure that contrasts with the 70 it reached in 2014.

Punto Mi, the first of these two subsidiaries in the process of extinction, focused on store management and ceased operations at the end of September 2021. With 48 million in assets, it posted revenues of 5.25 million in the last fiscal year. For its part, Diknah, a holding company, focused on representing brands and had assets of 3.2 million euros, as detailed by the aforementioned newspaper.

Jonathan, member of the board of directors of the Mango group and director of Mango Man, served as the sole director of these two companies in the process of extinction and of nine other subsidiaries of the group. All of them have financial income and their combined net worth amounts to 560 million euros.

Mango was founded in 1984 by Isak and is currently headed by CEO Toni Ruiz. The company is present in 110 international markets through a network of 2508 points of sale. In the first half of this year, the company increased its turnover by 25% to 1.21 billion euros.

Copyright © 2024 FashionNetwork.com All rights reserved.