Mango Achieved Major Breakthroughs In Revenue Last Year

In fiscal year 2014, Mango's annual revenue exceeded 2 billion 17 million euros, an increase of 9.3% over the same period, of which 82% of its revenue came from overseas markets.

Mango CEO

In the past, the 2014~2017 revenue forecast was too optimistic, so the group lowered its 2017 revenue target to 3 billion 270 million euros.

High street fashion brand Mango

After two consecutive years of growth, the 2014 fiscal year decreased by 11.2% from 2013 euros in the 2013 fiscal year to 107 million euros.

The group pointed out that Russia's political crisis and product expansion all had an impact on the profitability of last fiscal year.

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Dov Charney continued to challenge its founder, American Apparel Inc. (NYSEMKT:APP), to express its dissatisfaction with being fired.

Last Thursday, Dov Charney filed a claim of $30 million against the company's largest shareholder and private equity fund Standard General LP, after claiming $40 million in labor compensation at the end of March.

According to the Losangeles court documents numbered as No. BC581130, Dov Charney sued Standard General LP through its American Apparel Inc. board of directors, and paid the external law firm Jones to make it no longer suitable for the chief executive officer of the company, including a "false" investigation; the company claimed that the company respected the media. The decision of the board to dismiss the company was based on the third party investigation, which was a slander and indicated that it was "persecution" and "disguise".

For the prosecution of Dov Charney, Standard General calls it unreasonable.

Dov Charney and Standard General used to be "close" comrades, and Dov Charney mortgaged their American Apparel Inc. shares to the fund, but eventually they could only hand over their shareholdings and voting rights to each other.