Finance

Tragic Loss: Isak Andic, the Visionary Behind Mango, Passes Away at 71

2024-12-16

Author: Ying

In a heartbreaking turn of events, Isak Andic, the founder of the globally renowned fashion brand Mango, tragically died at the age of 71 while hiking near Barcelona over the weekend. The sad news was confirmed by Toni Ruiz, Mango's chief executive, and the cause of death was disclosed by spokesperson Glòria Torrent Caldas.

Andic, who often preferred to stay out of the limelight, initiated the Mango journey in the mid-1980s with a small shop selling T-shirts in Barcelona. His vision and business acumen propelled Mango to become one of Spain's leading international retailers, possessing over 2,000 stores across five continents and a diverse, trendy selection of affordable women's fashion.

At the time of his passing, Andic held the title of nonexecutive chairman of Mango and was reported by Forbes to have a substantial net worth of approximately $4.5 billion.

Mango took its first steps beyond Spanish borders in 1992, later making a significant mark in the U.S. with its first store opening in Los Angeles in 2006. The brand quickly expanded, launching a menswear line in 2008 and debuting an impressive 8,000-square-foot flagship store in Manhattan's SoHo neighborhood. In 2011, Mango showcased its first fashion show outside Spain, further asserting its place in the global fashion arena.

The brand owes much of its success to its fast-fashion model, characterized by a rapid turnover of fresh merchandise. However, it has not been without controversy, facing scrutiny regarding safety lapses within its supply chain practices. Despite this, Mango has continued to grow, recently breaking into the Pennsylvania and Washington, D.C. markets, and is set to increase its U.S. stores from just 10 in 2022 to 40 by the end of this year.

Tributes have poured in from various figures, including Spain's Prime Minister Pedro Sánchez, who lauded Andic's impact on the fashion industry.

Born in Istanbul in 1953, Isak Andic moved to Barcelona as a teenager, where he first dipped his toes into the wholesale and retail sectors before bringing Mango to life. His legacy is not only carried on through the brand but also through his son, Jonathan Andic, who is a current member of Mango's executive board.

As the global fashion community mourns the loss of a titan, many are left wondering what the future of Mango holds without its visionary leader. Will the brand continue to thrive or face new challenges ahead? Only time will tell.