Isak Andic, the billionaire entrepreneur known for founding the fashion retail giant Mango, died in a fatal accident while exploring caves close to Barcelona. Reports indicate that the 71-year-old fell into a 150-meter ravine in the Montserrat mountain range, a notorious area for deep caves, while accompanied by his son and family. Emergency responders were alerted around midday, deploying helicopters and specialized units to the scene.
Andic, who built Mango into a global brand with almost 3,000 stores in 120 countries since its establishment in 1984, had a net worth estimated at $4.5 billion by Forbes. Following the tragic event, Mango CEO Toni Ruiz expressed profound sorrow over Andic's passing, emphasizing the weight of his legacy and the commitment to maintain the vision he set forth for the brand.
Spanish Prime Minister Pedro Sanchez also extended condolences via a statement highlighting the significant impact Andic had in establishing the company as a leader in the fashion industry. The President of Catalonia, Salvador Illa Roca, expressed his sadness and recognition of Andic's contributions to the region's cultural and economic landscape.
Throughout his career, Andic was often compared to Zara's founder Amancio Ortega, reflecting a vibrant competitive spirit within Spain's fashion sector. In 2011, Mango's presence in the UK surged notably with British supermodel Kate Moss being named the face of the brand, marking a significant moment in its marketing history.
Andic, who built Mango into a global brand with almost 3,000 stores in 120 countries since its establishment in 1984, had a net worth estimated at $4.5 billion by Forbes. Following the tragic event, Mango CEO Toni Ruiz expressed profound sorrow over Andic's passing, emphasizing the weight of his legacy and the commitment to maintain the vision he set forth for the brand.
Spanish Prime Minister Pedro Sanchez also extended condolences via a statement highlighting the significant impact Andic had in establishing the company as a leader in the fashion industry. The President of Catalonia, Salvador Illa Roca, expressed his sadness and recognition of Andic's contributions to the region's cultural and economic landscape.
Throughout his career, Andic was often compared to Zara's founder Amancio Ortega, reflecting a vibrant competitive spirit within Spain's fashion sector. In 2011, Mango's presence in the UK surged notably with British supermodel Kate Moss being named the face of the brand, marking a significant moment in its marketing history.
