In a tragic development the founder of popular Spanish clothing brand Mango Isak Andic passed away after an accident.
Founder of International Fashion Brand Mango Isak Andic Passes Away in Tragic Accident
The 71 year old entrepreneur fell from a cliff while hiking with friends in the Montserrat caves near Barcelona on Saturday.
Continue Exploring: Worthy Cart Launches with Big Ambitions: Aiming for INR 20 Crore Revenue by 2025
CEO of the esteemed brand Toni Ruiz made a statement which read: “It is with deep regret that we announce the unexpected death of Isak Andic, our non-executive chairman and founder of Mango”. He continued: “Isak has been an example for all of us. He dedicated his life to Mango, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself imbued in our company”.
Isak Andic was an Entrepreneur Par Excellence
Andic was born in Turkiye’s Istanbul and moved with his family to Spain in the 1960’s. His net worth stood at a whopping $4.5 billion according to Forbes.
Continue Exploring: Zepto CEO Aadit Palicha Celebrates Key Milestone with Public Release of FY24 Financial Statement
The company has solidified its standing as one of the top international fashion groups, boasting a strong presence in over 120 markets and employing 15,500 people globally, as per its website. In 2023, it achieved a turnover of 3.1 billion euros (approximately $3.26 billion).
