MADRID (Reuters) – The founder and proprietor of the Mango style empire, Isak Andic, died in a mountain accident on Saturday, police stated. He was 71 years outdated.
The businessman slipped and fell greater than 100 meters from a cliff whereas mountain climbing with kinfolk within the Montserrat caves close to Barcelona, a police spokesman stated.
“His departure leaves an enormous void however we’re all, in a method, 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 bold and proud,” stated Toni Ruiz, CEO of Mango, in a press release.
Born in Istanbul, Andic moved along with his household to the Catalonia area of northeastern Spain within the Sixties and based Mango in 1984. His fortune was value $4.5 billion, in response to Forbes. He was non-executive chairman of the corporate on the time of his demise.
He was thought-about a rival of Amancio Ortega, the proprietor of Inditex (BME:), the world’s largest quick style retailer.
Mango achieved a turnover of three.1 billion euros in 2023 with 33% of its exercise on-line and a presence in additional than 120 markets.
(This story has been refiled to appropriate blurring in paragraph 3)
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