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The founder and non-executive chairman of Spanish clothing retailer Mango, Isak Andic, one of Europe's largest fashion groups with nearly 2,800 sores worldwide, died December 14, 2024, in an accident, the company said.
Photo by LLUIS GENE / AFP
Andic moved to the northeastern Spanish region of Catalonia in the 1960s and founded Mango in 1984
At the time of his death, he was worth $4.5 billion and was the company's non-executive chairman
The founder and owner of fashion empire Mango, Isak Andic, died on Saturday in a mountain accident, police said. He was 71.
A police spokesperson said that the businessman had slipped and fallen over 100 meters from a cliff while hiking with relatives in the Montserrat caves near Barcelona.
"His departure leaves a huge void, but all of us are, in some way, living in his legacy and the testimony of his achievements. It is up to us ... to ensure that Mango continues to be the project that Isak was ambitious and proud of," Mango's CEO, Toni Ruiz, said in a statement.
FILE PHOTO: Isak Andic, Chief Executive of Spanish fashion label Mango, stands next to Spanish Princess Letizia, during her visit to Mango's factory in Palau-Solita i Plegamans, near Barcelona, April 7, 2011. Andic died on Saturday in a mountain accident, the company said. He was 71. REUTERS/Albert Gea
Born in Istanbul, Andic moved with his family to the northeastern Spanish region of Catalonia in the 1960s and founded Mango in 1984. According to Forbes, he was worth $4.5 billion and was the non-executive chairman of the company when he died.
He was seen as a rival to Amancio Ortega, the owner of Inditex ITX.MC is the world's largest fast-fashion retailer.
In 2023, Mango had a turnover of 3.1 billion euros, 33% of its business online, and a presence in more than 120 markets.
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