Mango’s investment in Ziknes will involve financial support to the start-up apart from advice and mentoring sessions from company experts. Credit: Mango

Mango will be investing through its StartUp Studio and providing financial support to Ziknes through a convertible participation loan.

The fashion retailer said this represents the entry of Ziknes in an acceleration programme through which entrepreneurs will learn at first-hand how Mango operates and be able to scale up their business model.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In addition, Ziknes team will receive advice and mentoring sessions from the company’s experts in areas such as product design, specifically furniture design.

Ziknes was founded in 2021 and believes in “revolutionising manufacturing” by bringing together 3D printing and robotics, in order to improve efficiency, flexibility and sustainability in production. The start-up said it is committed to the use of low-energy technologies that focus on minimising material waste.

Mango StartUp Studio shared this is the fifth investment made since its launch in 2022.

To date, it has invested in companies such as the sustainability start-up specialising in the resale of textile waste, Recovo, and the technology start-up Union Avatars, a platform for digital identity and the development of avatars in different styles, among other start-ups.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Recently, Mango shared its expansion plans for the UK and Ireland with new store openings lined up in Manchester’s Trafford Centre and Cork’s St. Patrick’s street.

Both the new UK Trafford centre store and Ireland Cork store feature Mango’s New Mediterranean-inspired store concept, aimed to reflect the spirit and freshness of the brand.

Mango envisages 13 store openings during 2023, mainly in the south and centre of the UK.

The Spanish retailer also launched its own conversational generative AI platform called Lisa to help employees improve the development of its collections and its after-sales service as part of a wider digital transformation strategy.