(FILES) Pedestrians stroll by the doorway of a Mango store on Passeig de Gracia road in Barcelona on February 28, 2024. – The founder and non-executive chairman of Spanish clothes retailer Mango, Isak Andic, one Europe’s largest vogue teams with almost 2,800 sores worldwide, died December 14, 2024 in an accident, the corporate mentioned. (Picture by LLUIS GENE / AFP)
Isak Andic, the founding father of Spanish clothes retailer Mango, one among Europe’s largest vogue teams, with almost 2,800 shops worldwide, died Saturday in an accident, the corporate mentioned.
Whereas the corporate didn’t present additional particulars, Spanish media reviews mentioned the 71-year-old died after falling down a ravine whereas mountaineering within the mountains close to Barcelona with a number of members of the family.
“It’s with deep remorse that we announce the surprising loss of life of Isak Andic, our non-executive chairman and founding father of Mango,” the Barcelona-based firm’s CEO, Toni Ruiz, mentioned in an announcement.
“Isak has been an instance for all of us. He devoted his life to Mango, leaving an indelible mark due to his strategic imaginative and prescient, his inspiring management and his unwavering dedication to values that he himself imbued in our firm,” he added.
Sanchez wrote on social community X that Andic had “turned this Spanish agency right into a world chief in vogue” together with his “nice work and entrepreneurial imaginative and prescient”.
The pinnacle of Catalonia’s regional authorities, Salvador Illa, hailed Andic as “a dedicated businessman who, together with his management, has contributed to creating Catalonia nice and projecting it to the world.
“He leaves an indelible mark on the Catalan and international vogue sector,” he added in a put up of social community X.
– Color and magnificence –
This handout picture launched by Mango on December 14, 2024 exhibits another crop of Mango vogue powerhouse non government chairman and founder Isak Andic who died unexpectedly December 14, 2024 in an accident in response to a press launch from Mango. – The founder and non-executive chairman of Spanish clothes retailer Mango, Isak Andic, one Europe’s largest vogue teams with almost 2,800 sores worldwide, died December 14, 2024 in an accident, the corporate mentioned. (Picture by LLUIS GENE / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT “AFP PHOTO / MANGO / HANDOUT / ” – NO MARKETING NO ADVERTISING CAMPAIGNS – DISTRIBUTED AS A SERVICE TO CLIENTS
The media-shy entrepreneur was one among Spain’s richest males. Forbes estimates he and his household have a web price of $4.5 billion.
Underneath his watch, to assist increase gross sales the corporate employed massive stars akin to British mannequin Kate Moss, Spanish actor Penelope Cruz, and French footballer Antoine Griezmann for its advertising campaigns.
“His legacy displays the achievements of a enterprise venture marked by success, and likewise by his human high quality, his proximity and the care and affection that he all the time had and always conveyed to your entire organisation,” Ruiz mentioned, including “his departure leaves an enormous void”.
Born in 1953 in Istanbul, Andic moved to Barcelona in Spain’s rich northeastern Catalonia area together with his household when he was 14.
He opened his first store on the Paseo de Gracia, Barcelona’s well-known purchasing road in 1984 with the assistance of his older brother Nahman. It was massively profitable.
Spain had simply emerged from a decades-long dictatorship that ended with the loss of life of Basic Francisco Franco in 1975, and shoppers have been hungry for extra fashionable garments.
“He noticed that we wanted color, fashion,” the corporate’s international retail director, Cesar de Vicente, mentioned in an interview with AFP in March 2024.
– One title, one model –
Andic rapidly opened dozens of extra shops in Spain after which overseas, beginning in neighbouring Portugal and France, all beneath the title Mango.
He “realised that having the identical title, having the identical model in all of the retailers, would make the idea a lot stronger”, mentioned De Vicente.
The corporate’s versatile choices, which encompasses each skilled and informal types, have been successful with shoppers, with Mango promoting almost 160 million objects of clothes and niknaks a yr.
It has consolidated its place as one of many main worldwide vogue teams, with a serious presence in additional than 120 markets and 15,500 staff worldwide, in response to its web site.
The retailer closed 2023 with a turnover of three.1 billion euros.
Like its essential home rival Inditex, the world’s largest vogue retailer and proprietor of the favored Zara model, Mango strives to rapidly alter its manufacturing to the most recent vogue developments whereas providing reasonably priced costs.
Mango doesn’t personal any manufacturing unit, outsourcing its manufacturing primarily to lower-cost Turkey and Asia.
As a part of its latests strategic plan, Mango goals to have greater than 3,000 shops worldwide by 2026.
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