Because the investigation into the loss of life of Mango founder Isak Andic continues, the Andic household mentioned they’re assured that the method will probably be concluded as quickly as doable and that his son Jonathan’s innocence will probably be confirmed.
Native media experiences in Spain mentioned that Jonathan Andic, 44, was being investigated for a doable murder.
Isak Andic, 71, was non-executive chairman of the fast-fashion firm when he died in December after falling greater than 300 toes from a cliff within the Montserrat caves close to Barcelona, in Catalunya, Spain. The fatality occurred throughout an tour together with his household.
Media requests to Spanish police officers weren’t returned Friday.
After his passing, the incident was described as an accident. The investigation into Andic’s loss of life was reportedly reopened in March.
Andic was saluted by many together with Spain’s Prime Minister Pedro Sanchez, who praised his “nice work and enterprise imaginative and prescient, which remodeled his Spanish model in a world level of reference in trend” in a submit on X.
Mango proprietor Isak Andic and Scarlett Johansson.
Matti Hillig
The Spanish fast-fashion retailer has greater than 15,500 workers, operates some 2,800 shops in additional than 120 markets worldwide and has main on-line exercise. The worldwide enterprise accounts for practically 80 p.c of turnover. Mango’s revenues in 2024 amounted to three.34 billion euros, a 7.6 p.c improve in comparison with 2023.
Andic began Mango, which now sells womenswear, menswear, children’ put on and a house assortment, in 1984. The primary location was on Paseo de Gracia in Barcelona, Mango’s house metropolis. In 1992, the corporate expanded exterior of Spain with two outposts in Portugal. Media-shy and reserved, Andic’s web price was mentioned to be $4.5 billion, in accordance with Forbes. After his passing, Mango’s chief govt officer Roni Ruiz took on the function of chairman of the board.
Executives at Mango declined to remark Friday in regards to the investigation. Laia Codina, a Mango company affairs spokesperson, referred to a press release that had been issued by a spokesperson for the Andic household.
The assertion learn, “The Andic household has not commented and won’t touch upon Isak Andic’s passing throughout these months. Nonetheless, it wish to present its respect for the proceedings which have been carried out on this regard and can proceed to cooperate with the competent authorities as they’ve executed to this point.”
The assertion continued, “They’re additionally assured that this course of will probably be concluded as quickly as doable and that Jonathan Andic’s innocence will probably be confirmed.”
Requested if Jonathan Andic will proceed to serve on the Mango board, Codina didn’t reply.
In June, the 44-year-old Andic stepped away from his govt obligations on the multinational trend firm to reportedly tackle extra obligations inside the Andic household’s holding corporations, which management the household’s actual property and enterprise holdings. That reportedly consists of Mango MNG Holding, which controls 95 p.c of Mango’s capital.
On Friday, a Reuters report famous that La Vanguardia newspaper mentioned late Thursday that the choose wanting into Isak Andic’s loss of life started formally investigating Jonathan in September, as a consequence of contradictory statements that he had given as a witness. However the Barcelona court docket’s press workplace mentioned on Friday that the case, which stays sealed, was not directed at any specific particular person, in accordance with Reuters.
In honor of Mango’s 40-year anniversary final yr, the corporate expanded its board from 4 to 9 members, together with unbiased administrators for the primary time. The model additionally revealed a two-year strategic enlargement plan that referred to as for 500 retailer openings.
Throughout Isak Andic’s profession, he held quite a few positions comparable to member of the Worldwide Advisory Board of the IESE Enterprise Faculty, vice chairman of Banco Sabadell and member of the Worldwide Advisory Board of the Generalitat de Catalunya, the Funding Advisory Council for Turkey, and the Pals of the Prado Museum Basis. As well as, he was chairman of Household Enterprise Institute from 2010 till April 2012, and patron of the MACBA Basis, the Princess of Asturias Basis, the Museu Nacional d’Artwork de Catalunya and the Elena Barraquer Basis.
