Spanish retailer MNG re-enters Argentina, posts $121M first-day sales

MNG (Mango) opened its first store in Buenos Aires' Alto Palermo mall after a 13-year absence, generating $121 million in sales on its first Saturday. The entry, facilitated by local partner Grimoldi, signals renewed foreign retail confidence in Argentina's improving market conditions. Further expansion is planned with at least one more store by 2027.