Mango clothes chain founder Isak Andic dies in mountain accident

The 71-year-old businessman slipped and fell from a cliff whereas mountaineering with kin close to Barcelona, Spain.

Isak Andic, the founder and proprietor of Mango, Spanish clothes retailer with practically 2,800 shops worldwide, has died in a mountain accident, in response to the corporate and police.

The 71-year-old businessman slipped and fell greater than 100 metres (328 toes) from a cliff whereas mountaineering with kin within the Montserrat caves close to Barcelona on Saturday, a police spokesperson stated.

“It’s with deep remorse that we announce the sudden loss of life of Isak Andic, our non-executive chairman and founding father of Mango,” the Barcelona-based firm’s CEO, Toni Ruiz, stated in an announcement.

“Isak has been an instance for all of us. He devoted his life to Mango, leaving an indelible mark due to his strategic imaginative and prescient, his inspiring management and his unwavering dedication to values that he himself imbued in our firm,” he added.

Born in Turkiye’s Istanbul, Andic moved along with his household to the northeastern Spanish area of Catalonia within the Nineteen Sixties and based Mango in 1984.

He was price $4.5bn, in response to Forbes.

The corporate has consolidated its place as one of many main worldwide style teams, with a major presence in additional than 120 markets and 15,500 workers worldwide, in response to its web site.

The corporate closed 2023 with a turnover of three.1 billion euros ($3.26bn).

‘Leaves indelible mark’

The top of the regional authorities of Catalonia, Salvador Illa, hailed Andic as “a dedicated businessman who, along with his management, has contributed to creating Catalonia nice and projecting it to the world”.

“He leaves an indelible mark on the Catalan and international style sector,” he added in a put up on social community X, providing his condolences.

Like its essential home rival Inditex, the world’s largest style retailer and proprietor of the favored Zara model, Mango strives to rapidly alter its manufacturing to the most recent style traits whereas providing inexpensive costs.

Mango has only a single model and it doesn’t personal any manufacturing facility, outsourcing its manufacturing primarily to lower-cost Turkiye and Asia.