Isak Andic, the billionaire founder of the famous clothing company, Mango, has died in a road accident.
Spanish media reported that the 71-year-old died after falling into a valley while hiking in a mountain range outside Barcelona. According to the El Pais newspaper, his son was present at the scene of the accident.
Andic, who was of Turkish origin, founded Mango in Barcelona in 1984, and today the chain operates in 120 countries. Andic's net worth is estimated by Forbes at $4.5 billion.
Toni Ruiz, CEO of Mango, expressed his condolences, emphasizing that Andic's departure has left a huge void.
"All of us are, in a way, his legacy and a testament to his achievements. It is up to us to ensure that Mango continues to be the project that Isak wanted and that he would be proud of," he said.