Spain's Mango clothing chain founder dies after falling off cliff while hiking
Spain's Mango clothing chain founder, dies after falling off cliff while hiking
The founder and owner of fashion empire Mango, Isak Andic, died on Saturday (Dec 14) in a mountain accident, police said. He was 71.
The businessman slipped and fell over 100 metres from a cliff while hiking with relatives in the Montserrat caves near Barcelona, a police spokesperson said
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Born in Istanbul, Andic moved with his family to the northeastern Spanish region of Catalonia in the 1960s and founded Mango in 1984. He was worth $4.5 billion, according to Forbes. He was non-executive chairman of the company when he died.
He was seen as a rival to Amancio Ortega, the owner of Inditex, the world's largest fast-fashion retailer.
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Mango had a turnover of 3.1 billion euros in 2023 with 33 per cent of its business online and a presence in more than 120 markets.
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