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Isak Andic

From Wikipedia, the free encyclopedia
In this Spanish name, the first or paternal surname is Andic and the second or maternal family name is Ermay.

Isak Andic
İsak Andiç Ermay
Andic in 2012
Born(1953-10-01)1 October 1953
Istanbul, Turkey
Died14 December 2024(2024-12-14) (aged 71)
Collbató, Catalonia, Spain
Occupation(s)Founder and largest shareholder, Mango[1]
SpouseNeus Raig Tarragó (divorced)
Children3

Isak Andic Ermay (Turkish: İsak Andiç; 1 October 1953 – 14 December 2024) was a Turkish-Spanish businessman. In 1984, he and his brother Nahman founded clothing retailer Mango. As Mango's largest shareholder, Andic was worth an estimated US$4.5 billion at the time of his death, making him the richest person in Catalonia and one of the richest in Spain.

Early life and career

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Born to a Sephardic Jewish family in Istanbul, Turkey, on 1 October 1953,[2][3][4][5] Andic's family emigrated from Turkey to Barcelona, Spain in 1969[2] where he and his brother Nahman began selling hand-embroidered "made-in-Turkey" T-shirts[3] and clogs.[2] They opened shops in Barcelona and Madrid, first selling their own brand (Isak Jeans) and then stocking other brands.[3] In 1984, he joined with fellow entrepreneur Enric Cusí and his brother and re-denominated all their stores under the name Mango.[2][3] Andic chose the name "Mango" after tasting the fruit on a trip to the Philippines.[2]

In 2006, Andic was appointed a director of Banco Sabadell[2] and in 2012, became its single largest shareholder with a 7% ownership interest.[6]

According to Forbes, Andic's net worth as of November 2023 was €2.7 billion, making him the richest person in Catalonia.[7] In 2010, he was the 32nd richest Jew in the world.[8]

Andic was perceived to have been in a business rivalry with Amancio Ortega, the founder of Zara, another Spanish fashion retailer.[9]

Personal life and death

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Andic (left) with Artur Mas in 2010

Andic was divorced from Neus Raig Tarragó with whom he had three children:[2][10] Jonathan Andic [ca] (born 1981) who was named his successor in 2012;[2][3][10] Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997).[2][10] Also, he had a relationship with the Catalan stylist Zenaida Bufill Comadrán.[11] Andic lived in Barcelona.[1]

Andic was a member of IESE's International Advisory Board (IAB).[12]

On 14 December 2024, Andic died in a spelunking accident in the Salnitre de Collbató caves in the Montserrat mountains near Barcelona, Catalonia, Spain. Although the Spanish newspapers gave conflicting reports over whether he fell off a cliff or fell down a ravine, Andic's death was confirmed by Pedro Sanchez, the Prime Minister of Spain. Police were reportedly called to the scene after Andic slipped and fell 150 meters to his death. A helicopter, ambulance and a specialized mountain unit were also reportedly called to the scene. One Spanish newspaper described the area in which Andic fell an “area of difficult access”. Members of Andic's family, including his son, were with him at the time of the accident. Mango CEO Toni Ruiz said of Andic's passing on social media, "His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements." Catalan president Salvador Illa Roca said Andic "contributed to making Catalonia great and projecting it to the world."[13][14][15][16][17]

As Mango's largest shareholder, Andic was worth an estimated US$4.5 billion at the time of his death, making him the richest person in Catalonia and one of the richest in Spain.[1]

A spokesperson for the Federation of Jewish Communities of Spain gave Andic credit for "great advances for Spanish Judaism", and called him an "an active pillar of the Jewish community in Barcelona and Spain."[18]

Awards

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Andic was awarded the Kingdom of Spain Entrepreneurial Career Award [es] in 2024.[19]

See also

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References

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  1. ^ a b c "Forbes profile: Isak Andic". Forbes. Archived from the original on 14 December 2024. Retrieved 14 December 2024.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  2. ^ a b c d e f g h i "¿Quién es Jonathan Andic, el heredero de Mango?". Mujer Hoy [es]. (in Spanish). 8 January 2013.
  3. ^ a b c d e "Isak Andic, Co-Founder, Mango – The entrepreneur co-founded the Spanish fast fashion chain by selling embroidered made-in-Turkey blouses in Barcelona". The Business of Fashion. Archived 24 January 2015 at the Wayback Machine. Retrieved 25 February 2015.
  4. ^ "The world's 50 Richest Jews: 31–40" Archived 21 February 2014 at the Wayback Machine. Jerusalem Post. 26 February 2015.
  5. ^ "Isak Andic obituary: founder of the Mango fashion brand". The Times. 16 December 2024. Retrieved 16 December 2024.
  6. ^ "Andic compra un millón de títulos del Banco Sabadell y se consolida como primer accionista". Globedia. (in Spanish). Archived 26 February 2015 at the Wayback Machine. 23 May 2011.
  7. ^ "Mango owner, Grifols pharmaceuticals head, and Coca-Cola chief, top three richest Catalans". Catalan News. 6 November 2023. Retrieved 7 December 2023.
  8. ^ "The world's 50 Richest Jews: 31–40". Jerusalem Post. 7 September 2010. Archived from the original on 6 May 2013. Retrieved 7 December 2023.
  9. ^ "Isak Andic, founder of Mango fashion chain, dies in cave accident". www.bbc.com. Retrieved 28 December 2024.
  10. ^ a b c Lamelas, Marcos (20 October 2012). "Andic nombra a su hijo Jonathan como successor en Mango". (in Spanish). El Confidencial. Archived 26 February 2015 at the Wayback Machine.
  11. ^ "Isak Andic se reconcilia con su ex pareja, la catalana Zenaida Bufill". El Mundo (Spain) (in Spanish). 25 June 2016.
  12. ^ Members of IESE's International Advisory Board Archived 1 March 2019 at the Wayback Machine. IESE Business School.
  13. ^ Ropero, Javier García; Carranco, Rebeca (14 December 2024). "El fundador de Mango, Isak Andic, muere en un accidente de montaña cerca de Barcelona". El País (in Spanish). Retrieved 14 December 2024.
  14. ^ Burgess, Jack (14 December 2024). "Founder of fashion chain Mango dies in cave accident". BBC News.
  15. ^ "Isak Andic, founder of Mango fashion chain, dies in cave accident". www.bbc.com. Retrieved 27 December 2024.
  16. ^ Badshah, Nadeem (14 December 2024). "Isak Andic, founder of fashion chain Mango, dies in accident, aged 71". The Guardian. ISSN 0261-3077. Retrieved 27 December 2024.
  17. ^ "Billionaire owner of Mango fashion empire dies in mountain accident". The Independent. 14 December 2024. Retrieved 27 December 2024.
  18. ^ Badshah, Nadeem (14 December 2024). "Isak Andic, founder of fashion chain Mango, dies in accident, aged 71". The Guardian. ISSN 0261-3077. Retrieved 28 December 2024.
  19. ^ "Le roi Felipe récompense le fondateur de l'entreprise Mango". Histoires Royales (in French). 19 March 2024. Retrieved 2 April 2024.
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