Mango Founder Isak Andic Dies in Hiking Accident at 71
Mango Founder isak andic Dies in hiking Accident
Barcelona, Spain – Isak Andic, the billionaire founder of the global fashion chain Mango, tragically died on Saturday in a hiking accident near Barcelona. He was 71.
Andic, a Turkish-born businessman, was hiking with his son and other family members in the Montserrat mountains when he fell down a ravine, according to Spanish media reports. The accident occurred in an area known for its deep caves.
Emergency services, including a helicopter and a specialized mountain rescue unit, where dispatched to the scene around 1 p.m. local time.
“His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements,” said toni Ruiz, CEO of Mango, in a statement. “It is up to us,and this is the best tribute we can make to Isak and which we will fulfill,to ensure that Mango continues to be the project that Isak aspired to and of which he would feel proud.”
Andic founded Mango in 1984 with his brother, Nahman, in Barcelona. The company has since grown into a global fashion powerhouse, operating nearly 3,000 stores in 120 countries. Forbes estimated AndicS net worth at $4.5 billion.
Andic moved to Catalonia, Spain, with his family in the 1960s.He served as a non-executive chairman of Mango at the time of his death. The company reported a turnover of €3.1 billion in 2023.
andic was known for his rivalry with Amancio Ortega, the founder of zara and another Spanish fashion billionaire.
Remembering Isak Andic: A Fashion Titan’s Unexpected Passing
[Barcelona, spain] – The fashion world mourns the tragic loss of Isak Andic, the founder of the global fashion chain Mango, who died on Saturday at the age of 71. Andic’s passing comes as a shock, following a hiking accident in the Montserrat mountains near Barcelona.
Spanish media reports indicate that Andic fell down a ravine while hiking with his son and other family members. Emergency crews, including a helicopter and mountain rescue team, were dispatched to the scene but were unable to save him.
Andic’s legacy extends far beyond his entrepreneurial success. He started Mango in 1984 with his brother,Nahman,turning a small Barcelona-based business into a global fashion powerhouse. Today, Mango boasts nearly 3,000 stores in 120 countries and generated €3.1 billion in revenue in 2023 alone.
“[His] departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements,” saeid Toni Ruiz, CEO of Mango, in a statement. Abiding by Andic’s vision, he plighted to “ensure that Mango continues to be the project that Isak aspired to and of which he would feel proud.”
Andic, a Turkish-born businessman who immigrated to Catalonia with his family in the 1960s, was known for his drive and ambition, often compared to Amancio Ortega, the founder of Zara, in a celebrated rivalry that shaped the Spanish fashion landscape. Forbes estimated Andic’s net worth at $4.5 billion.
Andic’s sudden death is a significant loss for the fashion industry and beyond. He will be remembered for his entrepreneurial spirit,his contributions to the global fashion scene,and his lasting impact on the world of business.