Grimoldi stock broadens retail strategy with Mango launch

Grimoldi is using Mango's return to Argentina to broaden its retail strategy beyond footwear. The first store opened at Buenos Aires' Alto Palermo shopping center, and sales reached 121 million Argentine pesos including VAT on its first Saturday, iProfesional reported on October 6, 2026.

Mango tests a broader retail model

The partnership gives Grimoldi access to a fashion concept centered on women's and men's collections. The company has historically focused on footwear, but its portfolio already includes apparel exposure through The North Face, while Mango adds a dedicated fashion proposition and a new customer segment.

Grimoldi has planned a second Mango opening for 2027, although the location has not been decided. The company also has not provided a revenue forecast for the new business. Its expansion plans will depend in part on the conditions for companies importing and selling international brands in Argentina.

Local retail platform gains flexibility

The Mango format allows Grimoldi to select products for local demand instead of offering an identical assortment in every market. That flexibility may help the group adapt its merchandise mix as it moves further into apparel, accessories and fashion retail.

Grimoldi is an Argentine retailer and distributor of footwear, accessories and clothing. Its brands and products are sold through stores and online channels, with the group using its local market knowledge to operate international labels and develop its own retail presence. The company remains more specialized in Argentina than global fashion groups, while the Mango agreement gives it a focused position in the local international-brand segment.

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