Spanish billionaire Isak Andic, the founder of fashion giant Mango, died on Saturday, December 14, in a mountain hiking accident at the age of 71.
Andic fell more than 100 meters from a cliff while hiking with family in the Montserrat caves near Barcelona, authorities confirmed.
Mango CEO Toni Ruiz honored Andic in a statement: “His departure leaves a huge void but all of us are, in some way, 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.”
Born in Istanbul, Andic moved with his family to Catalonia in the 1960s. He founded Mango in 1984 and was serving as non-executive chairman at the time of his death. With a net worth of $4.5 billion, Andic built Mango into a global fashion empire.
In 2023, Mango posted a turnover of 3.1 billion euros, with one-third of its business generated online and a presence in over 120 markets worldwide.