4 hours Ago By Pawan Kumar
New Delhi: Isak Andic, the founder of the global fast-fashion brand Mango, has died at the age of 71 following a tragic hiking accident near Barcelona. His passing, announced by the company on Saturday, December 14, 2024, has left the fashion and business communities in mourning. Andic was widely respected for his entrepreneurial spirit, which transformed Mango from a small store in Spain into one of the world’s leading fashion retailers.
A Visionary LeaderBorn in Istanbul, Turkey, Andic co-founded Mango in 1984 with his brother Nahman Andic. What began as a single store in Barcelona quickly grew into an international fashion powerhouse under his leadership. Known for offering stylish yet affordable clothing, Mango now operates 2,700 stores in 120 countries.
The company achieved record-breaking sales of €3.1 billion ($3.2 billion) in 2023 and is expanding its presence in the United States, with plans to open 65 stores by 2025.
Isak Andic’s WealthAt the time of his death, Andic had a net worth of $4.5 billion, according to Forbes. His wealth primarily came from Mango, but he also held significant investments in Banco Sabadell, one of Spain’s leading banks.
Despite his fortune, Andic was known for his modest lifestyle and focus on business innovation and sustainability. Tributes To A PioneerTributes have poured in from across the world. Spain’s Prime Minister Pedro Sánchez praised Andic’s vision and contributions to the country’s economy, calling him a pioneer in the fashion industry.
Mango also released a statement, saying Andic’s leadership and dedication would continue to inspire the company as it moves forward. Also Read: Meet Ira Bindra Who Joins RIL As HR Chief: First Non-Family Woman And Youngest Exec Committee Member Legacy of InnovationAndic’s influence extended beyond fashion. He was a strong advocate for sustainability, incorporating eco-friendly practices into Mango’s operations.
His efforts not only set industry standards but also positioned Mango as a socially responsible brand. Isak Andic leaves behind a legacy of hard work, innovation, and global success. His vision transformed the fashion industry, and he will be remembered as one of the most influential figures in modern retail.
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