Isak Andic, the billionaire founding father of excessive avenue style chain Mango, died in an accident on Saturday, in response to the corporate.
Spanish media reported the 71-year-old fell down a ravine to his demise whereas mountain climbing in a mountain vary outdoors Barcelona.
Andic was together with his son and different relations when he fell, in response to the El Pais newspaper, triggering a big emergency response.
The Turkish-born businessman based Mango with the assistance of his brother, Nahman, in Barcelona in 1984 and the chain now operates virtually 3,000 retailers in 120 international locations. Forbes estimated Andic’s internet price to be $4.5bn.
Spanish media reported Andic fell down a 150-meter ravine whereas mountain climbing in an space of the Montserrat mountains identified for its deep caves.
Police have been known as at round 1pm and a helicopter and specialised mountain unit was despatched to the scene, El Pais reported.
Mango CEO Toni Ruiz mentioned in a press release: “His departure leaves an enormous void however all of us are, in a roundabout way, his legacy and the testimony of his achievements.
“It is as much as us, and that is one of the best tribute we are able to make to Isak and which we’ll fulfill, to make sure that Mango continues to be the undertaking that Isak aspired to and of which he would really feel proud.”
The president of Catalonia’s authorities, Salvador Illa Roca, mentioned he was “dismayed by the loss” and described Andic as a “dedicated businessman” who “contributed to creating Catalonia nice and projecting it to the world”.
