Isak Andic, founder of Mango fashion chain, dies at 71
Isak Andic, who built the fashion brand Mango from a Spanish storefront into a global giant with more than 2,000 stores on five continents, died in a fall while hiking near Barcelona, Spain, on Saturday. He was 71.
The death was announced by Mango CEO Toni Ruiz. The cause was confirmed by Glòria Torrent Caldas, a spokesperson for the company.
Andic, bespectacled and seen as relatively reclusive, started Mango in the mid-1980s by selling T-shirts in Barcelona. Over four decades, Mango grew into one of Spain's leading international retailers, known for its creative, eclectic and ever-changing selection of affordable womenswear.
Andic, who held the title of nonexecutive chair at Mango, had a net worth of roughly $4.5 billion at the time of his death, according to Forbes magazine.
Ruiz said in a statement that Andic had dedicated his life to Mango, displaying «strategic vision» and «inspiring leadership.»
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