Spanish fashion chain Mango is opening its first store in Guatemala later this month as it continues to expand its worldwide presence.

So far this year the chain has stepped into new markets including Belarus, and says it also plans to add stores in Iraq and New Caledonia.
Mango is Spain's second largest exporter of women's fashion after Inditex, owner of the Zara chain, selling the latest fashions at an affordable price.

The retailer currently has more than 1,200 stores in 93 countries and intends to invest EUR100m (US$142m) on store openings, refurbishments, logistics and IT systems in 2009.

It also expects turnover for the year to be between EUR1.512bn and EUR1.155bn - a rise of 5% on last year's figures.