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Isak Andic

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Revision as of 22:17, 14 December 2024 by Unknown artist (talk | contribs)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) Spanish billionaire businessman (1953–2024) 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
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.

At the time of his death in December 2024, Forbes estimated his net worth at US$4.5 billion.

Early life and career

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

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

According to Forbes, Andic's net worth as of November 2023 was €2.7 billion, making him the richest person in Catalonia. In 2010, he was the 32nd richest Jew in the world. Although Mango's biggest market is Spain, Turkey has the largest number of Mango stores with 70 in total as of 2022.

Personal life and death

Andic (left) with Artur Mas in 2010

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

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

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].

Awards

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

See also

References

  1. ^ "Forbes profile: Isak Andic". Forbes. Retrieved 14 December 2024.
  2. ^ "¿Quién es Jonathan Andic, el heredero de Mango?". Mujer Hoy [es]. (in Spanish). 8 January 2013.
  3. ^ "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. ^ 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.

External Links

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