Entrepreneur and founder of the clothing chain Mango, Isak Andic has reportedly died.
The billionaire businessman who was 71 years old met his untimely death after slipping and falling from a 500 feet cliff whilst on vacation.
The devastating news was shared by a Police spokesperson.
The police revealed that the unfortunate incident occurred whilst he was hiking with relatives in the Monserrat caves close to Barcelona.
Spanish newspaper, El Pais reports that Isak Andic’s family contacted the emergency services at about 12:30 p.m. local time.
Following the distress call, an ambulance and a helicopter were sanctioned to pick him up but on their arrival, Isak had already died.
It is acclaimed Isak Andic was the wealthiest man in Catalonia.
According to Forbes, Isak Andic’s estimated his worth at $4.5bn (£3.6bn).
Spanish Prime Minister Pedro Sanchez expressed his condolences to Mr Andic’s family in a post on X and praised the businessman saying: “All my love and recognition for his great work and business vision, which has turned this Spanish firm into a world leader in fashion.”
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Mango’s CEO Toni Ruiz said in a statement Mr Andic’s death was “unexpected”.
He paid tribute to Mango’s founder saying: “Isak has been an example for all of us. He has dedicated his life to the Mango project, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself has instilled in our company.”
The statement on Mango’s website goes on to say: “His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements.
“It is up to us, and this is the best tribute we can make to Isak and which we will fulfil, to ensure that Mango continues to be the project that Isak aspired to and of which he would feel proud.”
