El Ganso expands in the British market, opens fourth store in London
The Spanish brand’s 1,300 ft² store is located in Westfield Shopping Centre, and will present the men’s collection and accessories. The Iberian fashion group is betting on domestic as well as international sales to back its growth plans. With this new store, El Ganso accentuates its presence in the British capital, where it already operates three stores, on Chelsea’s King Road, Neal Street and Carnaby Street.
Carlos Romero, the group’s Business Development Manager, considers this new opening positively: "El Ganso is very optimistic with this new acquisition as it perfectly completes our three existing points of sale. We are convinced that this new store will be successful."
The brand created by Alvaro and Clemente Cebrian now totals 114 stores in ten countries: Spain, Portugal, France, England, Belgium, Chile, Mexico, Netherlands, Italy and Germany. El Ganso expects to continue growing in international markets, with a focus on France, England and Mexico.
For fiscal year 2014, consolidated sales came out at 59 million euros (£41m), and are expected to exceed 75 million (£52m) in 2015, fueled by international expansion.
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