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Isak Andic

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In this Spanish name, the first or paternal surname is Andic and the second or maternal family name is Ermay.
İsak Andiç Ermay
Andic in 2012
Born(1953-10-00)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; October 1953 – 14 December 2024) was a Turkish-born Spanish billionaire businessman, the founder and largest shareholder in the clothing retail chain Mango.

As of December 2024, Forbes estimated his net worth at US$4.5 billion.[1]

Early life and career

Born to a Sephardic Jewish family in Istanbul, Turkey, in 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] Although Mango's biggest market is Spain, Turkey has the largest number of Mango stores[9] with 70 in total as of 2022.[10]

Personal life and death

Andic (left) with Artur Mas in 2010

Andic was divorced from Neus Raig Tarragó with whom he had three children:[2][11] Jonathan Andic [es] (born 1981) who was named his successor in 2012;[2][3][11] Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997).[2][11] Also, he had a relationship with the Catalan stylist Zenaida Bufill Comadrán.[12] Andic lived in Barcelona.[1]

Andic was a member of IESE's International Advisory Board (IAB).[13]

Andic died in Collbató, on 14 December 2024, at the age of 71, after falling to his death during a visit to the Salnitre Caves [es].[14][15]

Awards

Andic was awarded the Kingdom of Spain Entrepreneurial Career Award [es] in 2024.[16]

See also

References

  1. ^ a b c "Forbes profile: Isak Andic". Forbes. Retrieved 14 December 2024.
  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". Jerusalem Post. 26 February 2015.
  5. ^ "Isak Andic ERMAY personal appointments". Companies House. Retrieved 14 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. Retrieved 7 December 2023.
  9. ^ Shops. Mango. Retrieved 14 December 2024.
  10. ^ Mango and Turkey. Mango. Retrieved 14 December 2024.
  11. ^ 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.
  12. ^ "Isak Andic se reconcilia con su ex pareja, la catalana Zenaida Bufill". El Mundo (Spain) (in Spanish). 25 June 2016.
  13. ^ Members of IESE's International Advisory Board. IESE Business School.
  14. ^ 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.
  15. ^ Burgess, Jack (14 December 2024). "Founder of fashion chain Mango dies in cave accident". BBC News.
  16. ^ "Le roi Felipe récompense le fondateur de l'entreprise Mango". Histoires Royales (in French). Retrieved 2 April 2024.
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