The billionaire founding father of trend chain Mango Isak Andic has died in a mountain accident at this time, in response to police.
The 71-year-old businessman reportedly slipped and fell from a 150-metre cliff whereas mountain climbing with relations within the Monserrat caves close to Barcelona, a police spokesperson mentioned.
A helicopter and an ambulance had been dispatched however they confirmed his loss of life upon arriving on the scene of the accident.
How did Isak Andic construct his trend firm?
Isak Andic, who was non-executive chairman of Mango, was born in Istanbul, Turkey.
He moved together with his household to Spain’s northeastern area of Catalonia within the 60s.
In 1984, he opened his first clothes retailer in Barcelona earlier than taking his firm worldwide in 1992, in response to Forbes.
Since opening its 1,000th retailer in 2007, Mango has grown additional to have 2,100 shops in 110 international locations.
Mango had a turnover of three.1bn euros (£2.6bn) in 2023 with 33% of its enterprise on-line.
Mr Andic was seen as a rival to Amancio Ortega, the proprietor of Inditex, the world’s largest fast-fashion retailer.
He was believed to be the richest man in Catalonia and one of many wealthiest in Spain as Forbes estimated his value at $4.5bn (£3.6bn).
Spanish Prime Minister Pedro Sanchez expressed his condolences to Mr Andic’s household in a publish on X and praised the businessman saying: “All my love and recognition for his great work and business vision, which has turned this Spanish firm into a world leader in fashion.”
Mango’s CEO Toni Ruiz mentioned in an announcement Mr Andic’s loss of life was “unexpected”.
He paid tribute to Mango’s founder saying: “Isak has been an example for all of us. He has dedicated his life to the Mango project, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself has instilled in our company.”
The assertion on Mango’s web site goes on to say: “His departure leaves an enormous void however all of us are, not directly, his legacy and the testimony of his achievements.
“It is up to us, and this is the best tribute we can make to Isak and which we will fulfil, to ensure that Mango continues to be the project that Isak aspired to and of which he would feel proud.”
The president of Spain’s area of Catalonia, Salvador Illa Roca, mentioned in publish on X he was dismayed by the loss of life of Mr Andic, who “contributed to making Catalonia great and projecting it to the world”.
He added Mr Andic “leaves an indelible mark on the Catalan and global fashion sector”.
