Mango clothes chain founder Isak Andic dies in cliff fall in Spain

Born in Istanbul, Isak Andic immigrated to Spain from Turkey on the age of 13. He started his profession by promoting T-shirts to classmates, which culminated within the institution of Mango’s first retailer in Barcelona in 1984. On the time of his dying, Andic had an estimated web price of $4.5 billion, in keeping with Forbes.

Andic, who relocated to Catalonia from Turkey along with his household throughout the Sixties, reworked Mango into some of the outstanding vogue manufacturers globally. Below his steerage, Mango skilled swift growth, initially launching shops all through Spain and subsequently extending its attain internationally, beginning with Portugal and France.

In the present day, Mango operates 2,700 retail areas throughout 120 markets globally. In 2023, the corporate achieved a document gross sales determine of three.1 billion euros (roughly $3.2 billion). At the moment, it’s within the technique of increasing its presence within the US, with plans to ascertain 65 shops by the conclusion of 2025.