February 23, 2024

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Hug & Clau has increased its sales by 45% in 2022 and is preparing for four new positions

Hug & Clau has increased its sales by 45% in 2022 and is preparing for four new positions

Hug & Clau is being promoted in retail. The Madrid women’s fashion chain, owned by children’s fashion group Mayoral, closed the 2022 fiscal year with a 45% increase in sales after opening eight new stores. The company, which is in the midst of an expansion process, plans to open four new stores in 2023.

during 2022, The women’s fashion company has opened eight stores in cities such as Malaga, Granada, Almeria, Zaragoza, Madrid, Valencia and Bilbao.. The company currently has 17 establishments of its own throughout the Spanish territory added to its online channel.

Hug & Clau operates exclusively in Spain and is immersed in an expansion plan until 2025 with which he wants to be a “standard in the fashion sector”. By 2023, the women’s fashion company plans to open New stores in Luz Tajo (Toledo), Bonaire (Valencia), and Jaén, among other locations.

The company, which is based in Madrid, does not operate in the multi-brand channel and does not distribute its products in it markets. A few months ago, the fashion company launched its own company apps To strengthen your channel online which made only 10% of sales.

In 2021, Mayoral acquires a women’s fashion company with the aim of “betting on adult fashion”. Hug & Clau maintains its headquarters in Alcorcón (Madrid), where the marketing teams and the logistics warehouse operate. Part of the company’s staff, including the production team, moved to Mayoral’s main office in Malaga.

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The women’s fashion company was founded in 2013 by brothers Carolina and Sancho Garcia who owned De Tendencia, an accessories distributor. In 2014, due to the growth of Hug & Clau, the García brothers decided to discontinue their activity with De Tendencia. Hug & Clau currently has over a hundred people.

Mayoral, for its part, has 275 of its own stores and more than 10,000 points of sale on the international market. The children’s fashion group from Malaga also bought the men’s Boston chain in Madrid in July 2021 into adult fashion. The three companies now share their headquarters between Madrid and Malaga. In addition, they are led by a management team that includes executives from the three companies.