Isak Andic, the founder and nonexecutive chairman of attire retailer Mango, died in an accident on Saturday, the corporate introduced in a press release.
“He devoted his life to Mango, leaving an indelible mark due to his strategic imaginative and prescient, his inspiring management and his unwavering dedication to values that he himself imbued in our firm,” Mango’s CEO Toni Ruiz stated in a press release. “His legacy displays the achievements of a enterprise challenge marked by success, and likewise by his human high quality, his proximity and the care and affection that he all the time had and always conveyed to the whole group.”
Andic, 71, was fatally injured whereas mountain climbing, an organization spokesperson confirmed to Retail Dive. He was mountain climbing with household close to Barcelona when he fell to his demise, in line with a number of media stories. Born in Istanbul in 1953, Andic moved to Barcelona together with his household when he was 14 and labored within the vogue, wholesale and retail sectors earlier than he based Mango in 1984, the corporate stated in a biography.
Isak Andic
Permission granted by Mango
Mango provides males’s, ladies’s, children and teenage attire and equipment, together with dwelling and seasonal decor. The corporate ended 2023 with complete income of three.1 billion euros (about $3.3 billion at press time), with 33% of its enterprise coming from its on-line channel.
In recent times, Mango has been in enlargement mode. Mango added a house providing in 2021, increasing into classes akin to lounge, bed room, toilet and residential textiles, and named a brand new director of the enterprise in June. At the start of this 12 months, the retailer stated it desires to open 500 new shops by 2026, together with many within the U.S. because it targets enlargement in key markets.
Earlier this month, Mango stated it exceeded its objective of opening 40 owned shops within the U.S. this 12 months. Subsequent 12 months, Mango stated it plans to open greater than 20 new U.S. areas, together with in Chicago, Las Vegas and Seattle, finally increasing its footprint to 65 U.S. shops by the top of 2025.
The retailer has 2,800 shops in over 120 markets and greater than 15,500 staff.
