The Spanish retail giant Mango, with its stores located in the center of Tbilisi, is about to exit the Georgian market.
According to Novo Group, the brand’s representative in Georgia, the brand’s head office has decided to close stores in Georgia declining to give any reasons.
The head office declared about bankruptcy of Mexx, another worldwide brand in Novo Group, a couple of months ago. However, today Novo Group stated Mexx was not going to withdraw from the Georgian market.
Recall that recently such internationally renown brands as River Island and Debenhams left the Georgian market. Early last year Tom Taylor and 123 brand withdrew from the local market.