Isak Andic, the billionaire founder of the renowned fashion chain Mango, tragically passed away on Saturday during a cave exploration near Barcelona. Reports from Spanish media indicate that the 71-year-old fell down a steep ravine while hiking in the Montserrat mountain range, an area known for its deep caves. At the time of the accident, he was accompanied by his son and family members, which prompted a substantial emergency response to the scene.
Founded in 1984 with the help of his brother Nahman, Mango has grown significantly, boasting nearly 3,000 stores across 120 countries. Forbes estimates Andic's net worth to be approximately $4.5 billion. Details from eyewitness accounts suggest Andic fell approximately 150 meters into the ravine, and emergency services were alerted shortly after the incident occurred.
Toni Ruiz, the CEO of Mango, expressed profound sorrow over Andic's death, stating, "His departure leaves a huge void, but we are all, in some way, his legacy." Ruiz emphasized the commitment of the entire team to continue Andic’s vision for the brand, honoring his memory through their ongoing efforts.
Spanish Prime Minister Pedro Sanchez expressed his condolences on social media, praising Andic’s remarkable contributions to the global fashion scene. Sanchez noted, "All my love and recognition for your great work and business vision, which has turned this Spanish firm into a world leader in fashion."
Similarly, Salvador Illa Roca, President of Catalonia, expressed his dismay over the loss, labeling Andic as a "committed businessman" whose efforts helped elevate Catalonia on the world stage. Having relocated from Turkey to Catalonia in the 1960s, Isak Andic served as the non-executive chairman of Mango at the time of his passing. The company's impressive turnover of €3.1 billion in 2023 reflects the impact of his leadership.
Renowned for his rivalry with Zara founder Amancio Ortega, Andic’s brand gained enhanced visibility in the UK when British supermodel Kate Moss became the face of Mango in 2011, further solidifying its position in the competitive fashion market.
