Finance

Tragic Loss for Spanish Fashion: Isak Andic, Founder of Mango, Killed in Hiking Accident

2024-12-15

Author: Yan

Isak Andic's Tragic Passing

In a shocking turn of events, Isak Andic, the visionary founder of the renowned Spanish fashion brand Mango, passed away tragically on Saturday while hiking with his family in the picturesque mountains near Barcelona.

Reports indicate that the 71-year-old businessman slipped and fell from a cliff during the outing, leaving behind a legacy that reshaped the global fashion industry.

Early Life and Career

Andic was born in Istanbul, Turkey, but in a pivotal moment in his youth, he relocated to Catalonia with his family in the 1960s. This move would set the stage for his future success in fashion.

Launching Mango's first store in Barcelona in 1984, Andic’s ambition and business acumen propelled the brand to new heights, establishing it as one of Europe's leading fast fashion retailers.

Tributes Pour In

In a heartfelt tribute to Andic, Mango CEO Toni Ruiz expressed profound sorrow, stating, "Isak has been an example for all of us. He dedicated his life to Mango, leaving an indelible mark thanks to his strategic vision, inspiring leadership, and unwavering commitment to the values he instilled in our company."

Spanish Prime Minister Pedro Sanchez took to social media to honor Andic’s contributions to the brand and the economy, noting how his "hard work and business vision transformed a Spanish brand into a global fashion leader."

Salvador Illa, head of the Catalonia regional government, echoed these sentiments, highlighting Andic’s commitment to elevating Catalonia on the world stage through his business endeavors.

Mango's Growth and Future

Mango, under Andic's leadership, has become a powerhouse in the fashion industry, selling nearly 160 million clothing items and accessories annually. With over 2,700 stores operating in 120 markets globally, the company achieved record sales of €3.1 billion (approximately $3.2 billion) in 2023.

Looking forward, Mango aims to expand its footprint even further, targeting more than 3,000 stores worldwide by 2026.

To maintain its competitive edge, Mango, much like its rival Inditex, adopts a fast fashion model that emphasizes adaptability to the ever-changing trends while offering budget-friendly options.

However, it’s worth noting that Mango does not have its own factories, primarily outsourcing production to cost-effective facilities in Turkey and parts of Asia.

Conclusion

Isak Andic's passing marks a substantial loss for the fashion community, yet his lasting impact on the industry will undoubtedly endure for many years to come.