AscendakNon-Executive Chairman and Founder of mangopassed away on Saturday. Tony Ruiz, chief executive officer of the Spanish retailer, confirmed that the cause of death was an accident. Andak was 71 years old. Media reports indicate that Andic fell about 500 feet into a cave in the Montserrat mountain range near Barcelona, Catalonia, Spain while on a hike with his family.
FILE – Issac Andic, founder of Spanish fashion brand Mango, arrives at Mango’s Fall Winter 2011 fashion show in Paris, Tuesday, May 17, 2011. Andic died after collapsing during a hike near Barcelona, the company said on Saturday, December 14, 2024. He was 71 years old.
Ruiz expressed his deep sorrow in a letter, saying, “Isk has been an example to us all. He gave his life. The Mango ProjectHe leaves an indelible mark through his strategic vision, inspirational leadership, and unwavering commitment to the values he has instilled in our company. His legacy reflects the achievements of a business venture marked by success as well as his humanity, approachability, and the care and love he always showed the entire organization.”
Andic founded Mango in 1984, a company that offers menswear, womenswear, childrenswear and home collections. The first store was located on Paseo de Gracia in Mango’s hometown of Barcelona. In 1992, the brand began expanding internationally with the opening of two stores in Portugal.
“His passing away leaves a great void, but we are all, in one way or another, a testimony to his legacy and his achievements. It is our responsibility, and the best tribute we can give to him, To make sure that Mango maintains the project that Isk envisioned and that he would be proud of. In these very difficult times, we share our family’s grief,” Ruiz concluded .
Marta Ortega Pérez, chair of Zara’s parent company Inditex, expressed her condolences, saying, “This is sad news for all those who were lucky enough to know Isaac Andic. It is a great loss for the Spanish business world and the global fashion sector. Also a great loss – his contribution to both worlds has defined an era of his family, friends, and everyone who is part of the great company he created and which we at Inditex value so much. Appreciate I am sending my deepest condolences to them.”
Madrid, Dec 15 (INS) Global fashion chain Mango founder Issac Andic has died after falling off a cliff in Spain, the company announced.
At X, Spanish Prime Minister Pedro Sánchez praised Andic’s “great work and business vision, which turned his Spanish brand into a global point of reference for fashion.”
Born in 1953 in Istanbul, Turkey, Andik’s family immigrated to Barcelona in 1969. Andic’s success in building an international giant is evident, with Mango set to turn over 3.1 billion euros in 2023, up 15 percent from 2022. Net profit more than doubled to 172 million euros. Earlier this year, Mango unveiled a new, two-year strategic plan called 4E.
It aims to achieve sales of more than 4 billion euros by 2026. The company plans to reach this target by opening more than 500 new stores and increasing brand value.
Mango currently employs more than 15,500 people and operates approximately 2,800 stores in more than 120 markets worldwide. The brand’s online activity is significant, and international business accounts for about 80 percent of its turnover.
In April, Mango debuted a high-profile collaboration with Victoria Beckham, featuring a collection of tailoring, slip dresses, knitwear, and accessories designed in a muted palette of summery “island” colors.