MILAN – Isak Andic, non-executive chairman and founding father of Mango, died Saturday.
The Spanish retailer’s chief govt officer Toni Ruiz confirmed that the reason for dying was an accident.
Andic was 71 years previous.
In line with media stories, Andic died falling nearly 500 toes in a cave of the Montserrat mountain vary close to Barcelona, in Catalunya, Spain, throughout an tour along with his household.
Ruiz confirmed Andic’s dying “with deep sorrow” in a letter, writing, “Isak has been an instance to all of us. He devoted his life to the Mango undertaking, leaving an indelible mark by means of his strategic imaginative and prescient, inspiring management, and unwavering dedication to values that he himself instilled in our firm. His legacy displays the achievements of a enterprise enterprise marked by success, in addition to his humanity, approachability, and the care and affection he all the time confirmed to your entire group.”
Andic based Mango, which sells menswear, womenswear, kidswear and a house assortment, in 1984. The primary level of sale was situated on Paseo de Gracia in Barcelona, Mango’s house city. In 1992, it began increasing outdoors Spain with the opening of two factors of sale in Portugal.
“His passing leaves an enormous void, however all of us, indirectly, are his legacy and the testimony of his accomplishments. It’s our accountability, and the most effective tribute we will pay to Isak, to make sure that Mango stays the undertaking Isak envisioned and one he can be happy with. In these extraordinarily troublesome instances, we share the household’s grief as our personal,” concluded Ruiz.
Marta Ortega Perez, chair of Zara mother or father Inditex, stated “That is such tragic information for all those that have been fortunate sufficient to know Isak Andic. It’s also an enormous loss for the Spanish enterprise world and the worldwide vogue sector – in each worlds his contribution has outlined an period. Sending my deepest condolences to his household, pals and everybody who’s a part of the good firm he created and which we at Inditex admire a lot.”
Born in Istanbul, Turkey in 1953, Andic’s household reportedly emigrated from Turkey to Barcelona in 1969.
Andic succeeded in constructing a large worldwide group that in 2023 reported a turnover of greater than 3.1 billion euros, up 15 % on 2022. Web revenue greater than doubled to 172 million euros. Earlier this yr, Mango unveiled a brand new, two-year strategic plan known as 4E.
The target is to attain gross sales in extra of 4 billion euros in 2026. The corporate stated it’s going to get there by opening greater than 500 new shops, and by elevating the model’s worth.
The Spanish quick vogue firm operates some 2,700 shops in additional than 115 markets worldwide, and the worldwide enterprise accounts for practically 80 % of turnover.
Final April, Mango unveiled a excessive profile collaboration, a set of tailoring, slipdresses, knitwear and equipment designed with Victoria Beckham in a muted palette of summery “island” colours.
The Victoria Beckham x Mango collaboration, was the newest in a sequence of initiatives between the Spanish excessive avenue big and worldwide names together with Italian tailor Boglioli, influencer Camille Charrière, and L.A. model Simon Miller.
Mango additionally sells in-house manufacturers, higher-priced presents that embrace Choice, a fashion-forward assortment that the retailer presents each season, and Capsule, which makes a speciality of “occasion” dressing.
In 2006, the corporate opened its design heart, El Hangar, in Barcelona, the place all collections are created and in 2008 launched its first menswear assortment.
With contributions from Samantha Conti, London.
