MADRID: Istanbul-born founder and owner of fashion label Mango, Isak Andic, died on Saturday in a mountain accident, the company said. He was 71 years old.
Spanish newspaper La Vanguardia reported that the businessman slipped and fell from a 150-meter high cliff while hiking with relatives in the Montserrat cave near Barcelona.
“His passing leaves a huge void but we are all, in some way, his legacy and testament to his achievements. It is up to us… to ensure that Mango continues to be the project that Isak is ambitious and proud of,” Mango CEO Toni Ruiz said in a statement.
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Andic and his family moved to Spain’s northeastern Catalonia region from Turkey in the 1960s and founded Mango in 1984. He is worth $4.5 billion, according to Forbes. He was non-executive chairman of the company when he died.
He is considered a rival of Amancio Ortega, owner of Inditex, the world’s largest fast fashion retailer. Mango has a business worth €3.1 billion by 2023 with 33% of its business online and a presence in more than 120 markets.
Mango is a Spanish fast fashion company that designs, produces and sells clothing and accessories for both men and women. This brand is known for its quality products and uniquely designed dresses. The brand includes jackets, coats, dresses and jumpers, sweaters and cardigans, jeans, trousers, blazer shirts and blouses.
Mango was started in Barcelona in 1984 by brothers Isak and Nahman Andic. Since then, the company has grown to approximately 2,700 stores in more than 120 markets worldwide.
Furthermore, this brand with its worldwide presence is leading the fashion industry by producing raw materials through modern technology. In short, the industry is increasingly moving towards sustainability.