The founder and proprietor of trend empire Mango, Isak Andic, died on Saturday in a mountain accident, police stated. He was 71.
The businessman slipped and fell over 100 meters from a cliff whereas mountain climbing with family members within the Montserrat caves close to Barcelona, a police spokesperson stated.
“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,” Mango’s CEO, Toni Ruiz, stated in an announcement.
Born in Istanbul, Andic moved together with his household to the northeastern Spanish area of Catalonia within the Sixties and based Mango in 1984. He was value $4.5 billion, in line with Forbes. He was non-executive chairman of the corporate when he died.
He was seen as a rival to Amancio Ortega, the proprietor of Inditex, the world’s largest fast-fashion retailer.
Mango had a turnover of three.1 billion euros in 2023 with 33% of its enterprise on-line and a presence in additional than 120 markets.
