Billionaire businessman Isak Andic, also known as the founder and owner of Mango, Spanish clothing retailer with nearly 2,800 stores worldwide, has died in a mountain accident, according to the company and police.
The 71-year-old entrepreneur reportedly slipped and fell more than 100 metres (328 feet) from a cliff while hiking with relatives in the Montserrat caves near Barcelona, a police spokesperson said.
"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 company’s CEO, Toni Ruiz, said in a statement.
"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 added.
Born in Turkiye’s Istanbul, Andic moved with his family to the northeastern Spanish region of Catalonia in the 1960s and founded Mango in 1984.
He was worth US$ 4.5 Billion, according to Forbes.
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