Isak Andic, the billionaire co-founder of the fashion chain Mango, has died following a tragic accident while exploring caves near Barcelona. The 71-year-old fell 150 meters down a ravine while hiking with family members in the Montserrat mountain range, leading to a substantial emergency response. Andic, who founded Mango in 1984 alongside his brother Nahman, was a key figure in turning the brand into an international powerhouse with almost 3,000 stores worldwide and a reported net worth of $4.5 billion. Notable figures, including Spanish Prime Minister Pedro Sanchez, have expressed their sorrow at the loss, highlighting Andic's significant impact on Spain's fashion industry. Mango's CEO, Toni Ruiz, has committed to upholding Andic's vision and legacy as the company moves forward.
Isak Andic, Founder of Fashion Retailer Mango, Dies in Cave Accident

Isak Andic, Founder of Fashion Retailer Mango, Dies in Cave Accident
Tragic incident claims the life of Mango's billionaire founder during a family hike near Barcelona.
Isak Andic, the billionaire co-founder of the renowned fashion retailer Mango, tragically died in an accident while exploring caves in the Montserrat mountain range near Barcelona. The 71-year-old fell down a 150-meter ravine during the hike with family members, prompting a significant emergency response. Established in 1984 with his brother Nahman, Mango has grown to nearly 3,000 stores in 120 countries, boasting a 2023 turnover of €3.1 billion. Spanish Prime Minister Pedro Sanchez and Catalonia's government president expressed their condolences, acknowledging Andic's contributions to Spain's fashion industry and business landscape. Mango's CEO vows to honor Andic's legacy by continuing to advance the brand he built.