Istanbul-born founder and proprietor of trend empire Mango Isak Andic died on Saturday (Dec 14) in a mountain accident, the corporate stated. He was 71.
The businessman slipped and fell from a 150m cliff whereas mountain climbing with kin within the Montserrat caves close to Barcelona, Spanish newspaper La Vanguardia stated.
“His departure leaves an enormous void however all of us are, not directly, his legacy and the testimony of his achievements. It’s as much as us … to make sure that Mango continues to be the challenge that Isak was formidable and happy with,” Mango’s CEO Toni Ruiz stated in a press release.
Andic moved along with his household to the northeastern Spanish area of Catalonia from Turkey within the Nineteen Sixties and based Mango in 1984. He was price US$4.5 billion (S$6.1 billion), in line with Forbes. He was non-executive chairman of the corporate when he died.
He was seen as a rival to Amancio Ortega, the proprietor of Inditex ITX.MC, the world’s largest fast-fashion retailer.
Mango had a turnover of three.1 billion euros in 2023 with 33 per cent of its enterprise on-line and a presence in additional than 120 markets.
