Isak Andic, the creator of Spanish garments merchant Mango, among Europe’s biggest style teams, with almost 2,800 shops around the world, passed away Saturday in a mishap, the firm claimed.
Spanish Prime Minister Pedro Sanchez was amongst the initial to commemorate the business person’s “entrepeneurial vision”.
While the firm did not offer more information, Spanish media records claimed the 71-year-old passed away after dropping a gorge while treking in the hills near Barcelona with numerous relative.
“It is with deep regret that we announce the unexpected death of Isak Andic, our non-executive chairman and founder of Mango,” the Barcelona- based firm’s chief executive officer, Toni Ruiz, claimed in a declaration.
“Isak has been an example for all of us. He dedicated his life to Mango, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself imbued in our company,” he included.
Sanchez composed on social media network X that Andic had “turned this Spanish firm into a world leader in fashion” with his “great work and entrepreneurial vision”.
The head of Catalonia’s local federal government, Salvador Illa, hailed Andic as “a committed businessman who, with his leadership, has contributed to making Catalonia great and projecting it to the world.
“He leaves an enduring mark on the Catalan and worldwide style industry,” he added in a post of social network X.
– Colour and style –
The media-shy entrepreneur was one of Spain’s richest men. Forbes estimates he and his family have a net worth of $4.5 billion.
Under his watch, to help boost sales the company hired big stars such as British model Kate Moss, Spanish actor Penelope Cruz, and French footballer Antoine Griezmann for its marketing campaigns.
“His tradition mirrors the success of a company task noted by success, and additionally by his human high quality, his distance and the treatment and love that he constantly had and in all times shared to the whole organisation,” Ruiz said, adding ” his separation leaves a big space”.
Born in 1953 in Istanbul, Andic moved to Barcelona in Spain’s wealthy northeastern Catalonia region with his family when he was 14.
He opened his first shop on the Paseo de Gracia, Barcelona’s famous shopping street in 1984 with the help of his older brother Nahman. It was hugely successful.
Spain had just emerged from a decades-long dictatorship that ended with the death of General Francisco Franco in 1975, and consumers were hungry for more modern clothes.
“He saw that we required colour, design,” the company’s global retail director, Cesar de Vicente, said in an interview with AFP in March 2024.
– One name, one brand –
Andic quickly opened dozens of more stores in Spain and then abroad, starting in neighbouring Portugal and France, all under the name Mango.
He ” understood that having the very same name, having the very same brand name in all the stores, would certainly make the principle a lot more powerful”, claimed De Vicente.
The firm’s flexible offerings, which incorporates both specialist and informal designs, have actually been a struck with customers, with Mango offering almost 160 million products of garments and devices a year.
It has actually combined its placement as one of the top worldwide style teams, with a significant visibility in greater than 120 markets and 15,500 staff members worldwide, according to its site.
The merchant shut 2023 with a turn over of 3.1 billion euros.
Like its primary residential opponent Inditex, the globe’s greatest style merchant and proprietor of the preferred Zara brand name, Mango aims to promptly readjust its manufacturing to the current style patterns while supplying cost effective rates.
Mango does not possess any kind of manufacturing facility, outsourcing its manufacturing generally to lower-cost Turkey and Asia.
As component of its latests tactical strategy, Mango intends to have greater than 3,000 shops around the world by 2026.
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