Spanish women's fashion retailer Mango is set to launch its first lingerie collection 'Capricho' worldwide this year.

The Barcelona-based chain will sell Capricho exclusively in its 750 stores located in 73 countries.

The Capricho line is designed for "urban and cosmopolitan" women. It has a "daring" portfolio of 9 designs including bras, tangas, panties, slips and T-shirts in seven colours.

Mango said that the new line will strengthen its diversification plans in women's apparel. Apart from its own-branded clothing line, Mango sells shoes, bags, jewellery, perfumes and sunglasses.

Mango, which posted a 5.3 per cent sales jump to €1.05bn last year, is on a global expansion roll. The company plans to enter the Canadian market this year and the US
shortly afterwards.

In 2005, it will open four stores in Toronto and Montreal and set a foot in Colombia,
Panama, Egypt and Finland this year.

Mango competes head-to-head with compatriot Zara and H&M, both of which sell their own lingerie lines.

By Ivan Castano.