Mayoral, the Malaga-based retailer of children's clothing, which is a common sight on high streets in Spain, grew its total sales by 4.2% in 2017, reaching 350 million euros. The company forecasts a further rise to 365 million euros this year.
In data released in the company's annual report, the family-owned firm said it now has 1,250 employees and that it is looking to increase its international growth.
Currently Mayoral operates a network of sales agents and subsidiary companies in 100 countries. In 2017, the company increased the number of subsidiary companies it owns to 17 by opening operations in Britain, Peru and Bulgaria. It also has an online presence in 14 countries including in Britain and Ireland.
“The forecasts for 2018 are a continued good rate of growth and consolidation of the previous year's sales,” announced the company.
Mayoral also has a network of 210 shops, a mixture of self-owned and franchised, of which 160 are in Spain and 50 in other countries. “There is a constant growth rate and we are opening between 10 and 15 new shops a year,” said the company report.
In parallel to the increase in sales, the company is currently building new premises on the site of the old Intelhorce factory on the outskirts of Malaga with 155,000 square metres, double what it currently has nearby.