Isak Andic, Founder, Mango, a Spanish clothing retailer and one of Europe's largest fashion groups, with nearly 2,800 stores worldwide, passed away in an accident.
The 71-year old entreperenuer fell down a ravine while hiking in the mountains near Barecelona with family members. His death was mourned by Pedro Sanchez, Prime Minister, Spain, who hailed Andic’s entrepreneurial vision. Andic’s vision of inspiring leadership and unwavering commitment helped him transform his Spanish firm into a world leader in fashion.
Applauding Andic’s commitment to business, Salvador Illa, Head-Regional Government, Catalonia says, with his leadership, Andic has contributed to making Catalonia great and projected it to the world.
The media-shy entrepreneur was one of Spain's richest men. He and his family have a net worth of $4.5 billion, according to Forbes’ estimates.
Born in 1953 in Istanbul, Andic moved to Barcelona in Spain's wealthy northeastern Catalonia region with his family when he was 14. He opened his first shop on the Paseo de Gracia, Barcelona's famous shopping street in 1984 with the help of his older brother Nahman. He later expanded with more stores in Spain and other countries like Portugal and France, all under the name Mango.
The company's versatile offerings, which encompass both professional and casual styles, have been a hit with consumers, with Mango selling nearly 160 million items of clothing and accessories a year.
The brand has consolidated its position as one of the leading international fashion groups, with a major presence in more than 120 markets and 15,500 employees worldwide, according to its website. In 2023, it achieved a turnover of € 3.1 billion and plans to set up 3,000 stores across the world by 2026.
