Istanbul-born founder and owner of the fashion empire Mango Isak Endik died in a mountain accident on Saturday, the company said. He was 71 years old.
Spanish newspaper La Vanguardia reported that the businessman slipped and fell from a 150-meter cliff while hiking with relatives in the Montserrat caves near Barcelona.
“His departure leaves a great void but we are all, in one way or another, a testament to his legacy and his achievements. It is up to us … to ensure that Mango is the project that Isaac was ambitious and proud of,” Mango CEO Tony Ruiz said. said in a statement.
Andic moved from Turkey to the northeastern Spanish region of Catalonia in the 1960s and founded Mango in 1984. According to Forbes, he was worth $4.5 billion. He was the non-executive chairman of the company at the time of his death.
He was seen as a rival to Amancio Ortega, the owner of Inditex, the world’s largest fast-fashion retailer.
Mango had a turnover of 3.1 billion euros in 2023 with 33% of its business online and a presence in over 120 markets.
Why should you buy our membership?
You want to be the smartest in the room.
You want access to our award-winning journalism.
You don’t want to be confused and misinformed.
Choose your subscription package
📣 For more lifestyle news, click here to join our WhatsApp channel and also follow us on Instagram