INDEX / DIRECTORY / MANGO / ECONOMIC

Mango ECONOMIC

ECONOMIC AUDIT UPDATED 2026-07-16
Economic Score 2.04 /10 E Mango - BDS-1000 135
Economic 2.04

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Mango - Economic Audit

Supply Chain & Sourcing Relationships

No public evidence identified of direct commercial relationships between Mango/Punto Fa S.L. and Israeli agricultural aggregators or exporters (e.g., Mehadrin, Hadiklaim, Galilee Export, or Agrexco successor entities); this sourcing category is not applicable to Mango’s product line, which is apparel rather than fresh produce, and this was checked against Who Profits’ company database, Mango’s own corporate transparency page, and general news search 12.

Mango’s published global supplier disclosures - covering approximately 2,400 finished-product, fabric/fitting, and yarn factories across 33 countries including Turkey, China, India, Bangladesh, Morocco, Tunisia, Egypt, Pakistan, and South Korea - do not list any Israeli-based manufacturing facility 23.

No importer-of-record entity for Israeli-origin goods was identified for Mango; this is not applicable because Mango’s Israel-market presence is structured as an inbound retail franchise that imports Mango-brand finished goods into Israel for local sale, rather than a sourcing relationship originating from Israel 415.

No public evidence identified of seasonal or counter-cyclical produce procurement by Mango, consistent with its status as a fashion retailer rather than a food-sector company.

No public evidence identified of third-party or indirect sourcing arrangements bringing Israeli-origin goods into Mango’s retail supply chain.

Separately, a distinct Who Profits-documented entity, “Mehadrin – Mango Production,” concerns mango fruit packing operations in the occupied Golan Heights and is unrelated to Mango the fashion retailer; this distinction is flagged explicitly to prevent conflation in this audit 1.

Product Origin, Labeling & Regulatory Compliance

No public evidence identified of settlement-origin product mislabeling (e.g., “Produce of Israel” labeling concealing West Bank, Jordan Valley, or Golan Heights origin) attributable to Mango; this category is not applicable to Mango’s apparel product line, and the absence was checked against Who Profits, the OHCHR Database of Business Enterprises, customs-audit-type coverage, and general news search 16.

No public evidence identified of country-of-origin labeling compliance or non-compliance findings specific to Mango regarding goods manufactured in occupied territories.

No public evidence identified of a stated Mango corporate policy addressing sourcing or labeling of goods from occupied or contested territories; Mango’s public transparency materials disclose supplier factories generally but contain no geopolitical or conflict-zone sourcing policy statement 2.

Investment, Capital & Financial Exposure

No public evidence identified of direct capital investment by Punto Fa S.L. - in factories, data centers, logistics hubs, or real estate - inside Israel or the occupied territories 57. Mango’s Israel retail presence is instead operated entirely through third-party Israeli franchisee Fox-Wizel Ltd. (Fox Group), which acquired the Mango Israel retail-store business from Elbit Fashion Ltd. for ILS 35 million, with the agreement dated 26 October 2014 and completion on 5 January 2015 57; this is a franchise/licensing arrangement rather than an operational investment by the Mango parent company 57.

No R&D facilities, technology partnerships, innovation labs, or accelerator programmes operated by Mango within Israel were identified; Mango’s only disclosed digital-innovation facility is the “Hangar Design Centre” in Barcelona, Spain, and this was checked against Mango’s corporate site, FashionNetwork, and general search 8.

Punto Fa S.L. (trading as Mango) is wholly owned by the Andic family through the holding vehicle Punta Na, founded by Isak Andic (d. 14 December 2024) and now controlled by his three children, Jonathan, Judith, and Sarah Andic 8910. Punta Na’s disclosed real-estate portfolio - approximately 70 assets valued at roughly €1.2 billion as of early 2022 - includes acquisitions in Spain and the United States, notably 512 Broadway in Soho, New York, purchased in October 2024 911; No public evidence identified of Punta Na or Andic-family holdings in Israeli real estate, companies, or bonds 911.

Mango’s Israeli retail operations are conducted by Fox-Wizel Ltd. (Fox Group), a publicly traded Israeli company (TASE: FOX) incorporated in 1995, formerly named Wizel Textile Marketing Ltd. and renamed Fox-Wizel in February 2002, headquartered in Airport City, Israel 15. Major disclosed Fox-Wizel shareholders, per Who Profits (validity date 20 April 2023), include Abraham Dov Fuchs (22.48%), Wizel Holdings A.Y.H. Ltd. (19.6%), and Altshuler-Shaham Provident Funds Ltd. (17.5%), with Harel (Eliezer) Wiesel serving as CEO and co-founder 11213.

No public evidence identified of portfolio or fund holdings in Israeli-domiciled companies, Israeli sovereign bonds, or Israel-focused funds held by Mango/Punto Fa or the Andic family, checked against news search and Punta Na-specific coverage 9.

Operational Presence & Market Activity

The Mango brand is sold in Israel through approximately 49–50 franchise-operated stores under Fox-Wizel Ltd. (Fox Group), supplemented by a direct-to-consumer Mango-branded e-commerce storefront at shop.mango.com/il/en 4114. Mango has no wholly-owned offices, warehouses, or company-operated stores in Israel identified; all physical retail presence runs through the Fox-Wizel franchise structure 41.

Following the 7 October 2023 Hamas attack, Mango - along with Zara, Pull&Bear, and Tous - closed nearly all of its roughly 50 Israel stores temporarily, with the return deadline for goods extended by 30 days from reopening 15; this closure was temporary rather than a permanent exit, though the current post-reopening operating status was not independently re-confirmed beyond the storefront remaining live 14.

On 22 October 2023, Fox Group - Mango’s Israeli operator, which also carries Nike, Foot Locker, American Eagle, and Billabong - announced furloughs of 30–50% of its Israel retail staff on unpaid 30-day leave amid wartime sales decline, with Fox CEO/owner Harel Wiesel and senior executives/board chair taking a voluntary 50% salary cut for 30 days and the company warning of a “substantial negative impact” on Q4 results; Fox shares fell more than 4% on the announcement 16. This was a Fox Group (franchisee)-level corporate action, not a Mango/Punto Fa (Barcelona parent)-level action 16.

In October 2023, an Israeli business coalition known as the “Business Forum” (פורום העסקים), whose reported members include Fox Group/Harel Wiesel, Big, Azrieli Group, Bank Hapoalim, Shufersal, and Tnuva, distributed NIS 1,000 digital/physical gift-card vouchers per person to residents evacuated from Gaza-envelope communities, totaling NIS 4 million distributed as of 14 October 2023 reporting 1718. Boycott-tracking sites attribute a related social-media post to the “Mango Israel” Instagram account publicizing this Fox Group/Business Forum initiative, citing a single Instagram post as their sole primary evidence 1920; however, the primary Globes source names Fox Group/Harel Wiesel as the Business Forum participant rather than “Mango” as a distinct corporate entity, indicating the donation was a Fox Group (Israeli franchisee) action amplified via the Mango Israel-branded social account, not a disclosed action by Punto Fa S.L. (Barcelona) 17.

No public evidence identified of Mango-brand stores specifically located within West Bank, East Jerusalem, or Golan Heights settlements. Who Profits documents Fox Group settlement-mall store operations under the Fox, Fox Home, Laline, The Children’s Place, and Footlocker brand names specifically - in locations including Ariel, Ma’ale Adumim, and Gush Etzion in the West Bank, and Ramot, Pisgat Ze’ev, and Atarot Industrial Zone in East Jerusalem - but the Mango brand is not named among the specific settlement-store brand list in this same Who Profits entry, even though Mango is listed elsewhere on the same page as one of Fox Group’s general Israel-market brands; this is a material distinction, and settlement-specific Mango storefronts are not independently confirmed 1.

No public evidence identified regarding Mango’s approximate workforce size or Israeli tax/regulatory registration status specific to the Mango brand as distinct from Fox-Wizel’s overall workforce, reported elsewhere at over 10,000 employees 16; no company-specific reservist-pay-subsidy policy for Mango/Fox Group was identified beyond Israel’s general statutory National Insurance Institute reservist-reimbursement framework, which is not company-specific.

No public evidence identified of any specific characterization of the Israeli market in Mango/Punto Fa annual reports or investor materials, consistent with Mango being a privately held company with no equivalent public filing located 82.

Mango, Punto Fa S.L., Fox-Wizel Ltd., and Elbit Fashion Ltd. do not appear by name in the Times of Israel’s full enumeration of the original 2020 UN OHCHR 112-company settlement database 21. No public evidence identified that any of these entities appear in the 26 September 2025 database update covering 158 enterprises (138 Israeli, 12 European, 6 American, 1 Canadian, 1 Chinese), based on searches of press coverage of the update; the underlying OHCHR database itself was not directly searchable by company name in this session 22236.

Corporate Structure & Foundational Ties

Mango (Punto Fa, S.L.) was founded in Barcelona, Spain, in 1984 by brothers Isak Andic and Nahman Andic, described in sourcing as Sephardic Jewish immigrants originally from Turkey; this is a founder-biography fact and does not, on its own, establish an Israeli incorporation, headquarters, or capital nexus 8.

Mango’s headquarters and legal domicile is in Palau-solità i Plegamans, Catalonia, Spain, with its design/operations center, the “Hangar Design Centre,” also in Barcelona; no dual or legacy Israel headquarters was identified 8.

No public evidence identified of Israeli state ownership stakes, government board appointees, Israeli government contracts, or critical-national-infrastructure designation for Mango/Punto Fa.

No public evidence identified of golden-share, founder-share, or charter provisions tying Mango’s mission or governance to the Israeli state.

Mango/Punto Fa has not acquired any Israeli operating company; conversely, the Mango brand’s Israel retail franchise has changed Israeli-franchisee ownership twice - first to Elscint/Elbit Trade and Retail Ltd., which acquired Mango Israel franchise rights for approximately NIS 3.8 million in 2004 and expanded to 26 stores by 2011 with flagships in Tel Aviv’s Azrieli Center and Dizengoff Center, and then to Fox-Wizel Ltd., which acquired the franchise for ILS 35 million with completion on 5 January 2015 52478. “Elbit Fashion Ltd.” / “Elbit Imaging” (controlled by Mordechay “Moti” Zisser) is a real-estate/retail holding company and is unrelated to the defense contractor Elbit Systems Ltd.; this distinction is flagged explicitly to prevent misattribution in this audit 57.

No public evidence identified that Mango, Punto Fa, Fox-Wizel, or their principals are named in UN Special Rapporteur Francesca Albanese’s report A/HRC/59/23 (“From economy of occupation to economy of genocide,” 2 July 2025) on global retail; secondary coverage of the report’s named-entity content did not surface these names in this session, though the full text of the report’s annex was not independently searched, and this is flagged as an unresolved gap rather than a confirmed absence 25.

No public evidence identified that Mango or Fox-Wizel appear in Who Profits’ company-search results beyond the single Fox-Wizel Ltd. entry documented above 1.

Profit Repatriation & Economic Contribution

No public evidence identified of Mango/Punto Fa-disclosed revenue specifically attributed to the Israeli market; Mango is privately held and does not appear to publish market-level revenue breakdowns, checked against Wikipedia, the Mango Fashion Group corporate site, and financial press 82.

Under the franchise structure, Fox-Wizel Ltd. (Israeli, TASE-listed) pays Mango/Punto Fa (Spain) licensing/brand fees to operate Mango-branded stores in Israel, with consumer revenue collected by Fox-Wizel in Israel and a contractual outflow (royalty/fee) to the Spain-domiciled brand owner; no public disclosure of the specific fee structure or amounts was identified 15.

No public evidence identified of any industry or government assessment characterizing Mango’s role as a “key employer” or “sector anchor” within the Israeli economy specifically, as distinct from Fox-Wizel’s broader position as a large Israeli fashion-retail conglomerate 16.

End Notes

Footnotes

  1. https://www.whoprofits.org/companies/company/7377?fox-wizel-ltd-fox-group-= 2 3 4 5 6 7 8 9 10 11

  2. https://mangofashiongroup.com/en/transparency 2 3 4 5

  3. https://ww.fashionnetwork.com/news/Mango-publishes-global-supplier-list,1249952.html

  4. https://www.foxgroup.co.il/brands/mango 2 3

  5. https://www.marketscreener.com/quote/stock/FOX-WIZEL-LTD-120961531/news/Fox-Wizel-Ltd-completed-the-acquisition-of-Mango-retail-stores-from-Elbit-Fashion-Ltd-38509295/ 2 3 4 5 6 7 8

  6. https://www.ohchr.org/en/business/bhr-database 2

  7. https://www.just-style.com/news/elbit-begins-talks-for-sale-of-mango-israel-stores/ 2 3 4 5

  8. https://en.wikipedia.org/wiki/Mango_(retailer) 2 3 4 5 6 7

  9. https://us.fashionnetwork.com/news/Mango-s-founder-creates-a-board-of-directors-for-his-real-estate-company-punta-na,1372051.html 2 3 4

  10. https://www.timesofisrael.com/isak-andic-founder-of-spanish-fashion-brand-mango-dies-in-hiking-accident-aged-71/

  11. https://therealdeal.com/new-york/2024/10/02/isak-andics-punta-na-buys-512-broadway-soho-retail-from-invesco/ 2

  12. https://www.marketscreener.com/quote/stock/FOX-WIZEL-LTD-120961531/company/

  13. https://www.fibre2fashion.com/interviews/face2face/fox-wizel-ltd/co-founder-ceo/761-1

  14. https://shop.mango.com/il/en 2

  15. https://ww.fashionnetwork.com/news/Spanish-brands-such-as-zara-mango-pull-bear-and-tous-temporarily-close-their-stores-in-israel,1565701.html

  16. https://www.timesofisrael.com/fox-fashion-retailer-to-furlough-up-to-50-of-staff-amid-ongoing-war-with-hamas/ 2 3 4

  17. https://www.globes.co.il/news/article.aspx?did=1001460167 2

  18. https://www.businessforumil.org/

  19. https://masjidalaqsa.com/boycott/mango-israel-bds

  20. https://boycottisraeli.biz/company/1a059cd2-8df4-42b2-9654-f9b6f50cc139

  21. https://www.timesofisrael.com/the-blacklist-all-112-companies-un-says-are-operating-in-settlements/

  22. https://www.ohchr.org/en/press-releases/2025/09/un-human-rights-office-updates-database-businesses-involved-israeli

  23. https://www.business-humanrights.org/en/latest-news/israelopt-un-updates-database-of-businesses-involved-in-illegal-israeli-settlements-listing-158-enterprises-from-11-countries/

  24. https://www.haaretz.com/2004-12-29/ty-article/elscint-buys-israeli-operations-of-clothier-mango/0000017f-e1a7-d7b2-a77f-e3a770370000

  25. https://www.ohchr.org/sites/default/files/documents/hrbodies/hrcouncil/sessions-regular/session59/advance-version/a-hrc-59-23-aev.pdf