Mango fashion tycoon Andic dies in mountain accident

MADRID: Istanbul-born founder and owner of Mango fashion Isak Andic died on Saturday in a mountain accident, the company said. He was 71.

The businessman slipped and fell from a 150-metre cliff while hiking with relatives in the Montserrat caves near Barcelona, Spanish newspaper La Vanguardia said.

“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 said in a statement.

More to Read: Explosion at Thai festival kills three, injures dozens

Andic moved with his family to the northeastern Spanish region of Catalonia from Turkey in the 1960s and founded Mango in 1984. He was worth $4.5 billion, according to Forbes. He was non-executive chairman of the company when he died.

He was seen as a rival to Amancio Ortega, the owner of Inditex, the world’s largest fast-fashion retailer.
Mango had a business of €3.1 billion in 2023 with 33 per cent of its business online and a presence in more than 120 markets.

Mango is a Spanish fast-fashion company that designs, manufactures, and sells clothing of both men and women and accessories. The brand is known for its quality products and unique designer dresses. The brand includes coats, jackets, dresses and jumpsuits sweaters and cardigans, jeans, trousers, blazers shirts and blouses.

Mango was initiated in Barcelona in 1984 by brothers Isak and Nahman Andic. Since then, the company has grown to approximately 2,700 stores in over 120 markets across the world.

Moreover, this brand with its worldwide presence leads the pace of the fashion industry, by manufacturing materials through modern technologies. In a nutshell, the industry is moving increasingly towards sustainability.