December 14th 2024.
It is with heavy hearts that we announce the sudden passing of Isak Andic, the founder and non-executive Chairman of the fashion empire Mango. The news was shared in a statement by Mango's chief executive, Toni Ruiz, on Saturday. Andic's death was the result of a tragic accident, leaving those who knew him in shock and disbelief.
Andic was not only a successful businessman, but also a visionary leader who dedicated his life to Mango. He leaves behind a lasting legacy with his strategic foresight, inspiring leadership, and unwavering commitment to the company's values. The statement released by Mango expressed their deep gratitude for Andic's contributions, stating that he had left an indelible mark on the brand.
The circumstances surrounding Andic's death were revealed by Catalonia's regional police, who were notified that a 71-year-old man had fallen into a ravine near the popular tourist destination of Collbató caves of Salnitre. Sources have confirmed that the victim was indeed Andic. The police were able to retrieve his body with the help of deployed units.
Spanish Prime Minister Pedro Sanchez also shared his condolences, praising Andic for his business acumen and turning Mango into a global fashion powerhouse. Catalonia's regional president, Salvador Illa, echoed similar sentiments, acknowledging Andic's impact on the fashion industry and his contributions to the region's reputation.
Andic's success was not just limited to his work at Mango. According to Forbes, he had a net worth of 4.5 billion dollars, a testament to his business acumen. He founded the Mango brand in his hometown of Barcelona, Spain in 1984. Since then, the company has grown into one of Europe's leading fashion groups, with stores in over 120 markets. In 2023, Mango's sales surpassed 3.2 billion dollars.
Even in the United States, Mango has made its mark with 40 stores currently in operation and plans to open 20 more next year. It is clear that Andic's vision has made Mango a global force in fashion, and his legacy will continue to live on through the brand. Our hearts go out to his family, friends, and colleagues during this difficult time.
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