The 71-year-old billionaire died while hiking with relatives near Barcelona, Spain, police said. He founded Mango in 1984 and had an estimated worth of $4.5bn (£3.6bn).
The 71-year-old businessman reportedly slipped and fell from a 150-metre cliff while hiking with relatives in the Monserrat caves near Barcelona, a police spokesperson said
Isak Andic, who was non-executive chairman of Mango, was born in Istanbul, Turkey. He moved with his family to Spain’s northeastern region of Catalonia in the 60s.
In 1984, he opened his first clothing store in Barcelona before taking his company international in 1992, according to Forbes.
Since opening its 1,000th store in 2007, Mango has grown further to have 2,100 stores in 110 countries.
Mango had a turnover of 3.1bn euros (£2.6bn) in 2023 with 33% of its business online.
Mr Andic was seen as a rival to Amancio Ortega, the owner of Inditex, the world’s largest fast-fashion retailer.
Mango founder Isak Andic, 71, died after slipping from a 150-meter cliff while hiking near Barcelona. His company, established in 1984, has grown to 2,100 stores worldwide and generated €3.1bn in turnover in 2023. Andic was a prominent figure in the fashion industry, often seen as a rival to Amancio Ortega of Inditex. He was originally from Istanbul and moved to Spain in the 1960s, where he built Mango into a global brand with a strong online presence.
