Isak Andic, Istanbul-born founder and owner of fashion empire Mango, passed away on Sunday at 71, in a mountain accident, said the company. According to Spanish newspaper La Vanguardia, the businessman slipped and fell from a 150-meter cliff while hiking with his relatives in the Montserrat caves near Barcelona. "His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements.
Tt 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. ALSO READ: Myanmar Job Scam: Six Indian Nationals Lured By Fake Offers Rescued In Myawaddy, Embassy Urges Caution Andic relocated with his family from Turkey to the northeastern Spanish region of Catalonia in the 1960s and established Mango in 1984. According to Forbes, his net worth was USD 4.
5 billion. At the time of his death, he held the position of non-executive chairman of the company. He was seen as a rival to Amancio Ortega, the owner of Inditex, the world's largest fast-fashion retailer.
Mango had a turnover of 3.1 billion euros in 2023 with 33 per cent of its business online and a presence in more than 120 markets. (With inputs from Reuters).
