The Spanish enterprise world is mourning the loss of life of Isak Andic, founder and non-executive chairman of Mango.
The founding father of the Mango trend chain died on Saturday on the age of 71 in an accident whereas climbing in a mountain vary close to Barcelona.
According to firm sources, Andic slipped and fell from a peak of roughly 150 metres. His spouse and son witnessed the accident, whereas the Catalan regional legislation enforcement company, Mossos d’Esquadra, went to the crash website with a helicopter and mountain unit to get better the physique.
Born in 1953 in Istanbul to a Sephardic Jewish household, Andic arrived in Catalonia on the age of 14, the place he started to develop his buying and selling expertise. At 17 he was promoting garments and footwear at flea markets and later opened trend outlets, laying the foundations of what would grow to be a enterprise empire.
In 1984, Andic opened his first retailer in Paseo de Gracia in Barcelona. Since then, Mango has grow to be a global model with 2,743 shops in additional than 115 markets. His strategic imaginative and prescient and management have reworked the corporate into a worldwide trend reference, making it the fifth largest asset in Spain, with an estimated internet price of 4.5 billion euros.
In addition to his position within the creation of Mango, Andic was additionally president of the Family Business Institute, a member of quite a few worldwide advisory boards, and a trustee of cultural establishments such because the Prado Museum and the National Art Museum of Catalonia.
The political and enterprise world expressed its shock on the information of Andic’s passing. Spanish Prime Minister Pedro Sánchez praised Andic’s “nice work and entrepreneurial imaginative and prescient”, whereas Salvador Illa, president of the Catalan regional authorities, stated Andic was a “dedicated businessman” who contributed to the picture of Catalonia on the earth.
Entrepreneurs like CEOE’s Antonio Garamendi referred to as it “an excellent loss for the Spanish enterprise cloth.” Toni Ruiz, Mango’s CEO, expressed the corporate’s grief in a press release, remembering Andic for example of inspiring management and unwavering dedication. He burdened that the very best tribute can be to proceed with the ambition of the Andic mission.
In the final six months Mango has recorded vital development, with a turnover of 1.54 billion euros, 6.3% greater than in the identical interval of the earlier yr.
