Isak Andic, the billionaire founder of the fashion chain Mango, has passed away in a tragic cave accident near Barcelona at the age of 71. Reports indicate that Andic fell into a ravine while hiking with family members in the Montserrat mountain range, an area noted for its stunning caves. Emergency services were dispatched, but sadly, they could not save him.
Along with his brother Nahman, Andic started Mango in Barcelona in 1984. The brand has since expanded to nearly 3,000 stores across 120 countries, solidifying its position in the global fashion market. His net worth was estimated at $4.5 billion by Forbes.
Mango’s current CEO, Toni Ruiz, expressed deep sorrow over Andic's passing, vowing to continue his legacy and ensure the company's future aligns with his vision. Spanish officials, including Prime Minister Pedro Sanchez and Catalonia's president Salvador Illa Roca, praised Andic for his significant contributions to the fashion industry and the region's economy.
Andic was well known for his rivalry with Zara founder Amancio Ortega and gained popularity in the UK particularly after British supermodel Kate Moss became the face of Mango in 2011. His contributions to fashion leave an indelible mark that will continue to influence the industry.
Along with his brother Nahman, Andic started Mango in Barcelona in 1984. The brand has since expanded to nearly 3,000 stores across 120 countries, solidifying its position in the global fashion market. His net worth was estimated at $4.5 billion by Forbes.
Mango’s current CEO, Toni Ruiz, expressed deep sorrow over Andic's passing, vowing to continue his legacy and ensure the company's future aligns with his vision. Spanish officials, including Prime Minister Pedro Sanchez and Catalonia's president Salvador Illa Roca, praised Andic for his significant contributions to the fashion industry and the region's economy.
Andic was well known for his rivalry with Zara founder Amancio Ortega and gained popularity in the UK particularly after British supermodel Kate Moss became the face of Mango in 2011. His contributions to fashion leave an indelible mark that will continue to influence the industry.
