Billionaire 'Mango' Founder Dies in Fall... Vice Chairman Son Arrested

Isaac Andic, Founder of Mango

Falls 150 Meters into Gorge While Hiking

Was Accompanied by His Son at the Time

Jonathan Andic, Vice Chairman and son of the late founder of the Spanish fashion company Mango, has been arrested in connection with the death of Isaac Andic, who was 71 years old at the time of his passing.

'Mango' Founder Dies in Fall... "Investigation Ongoing into Possible Homicide"

Jonathan Andic, Vice Chairman of Mango, attending court. Photo by AFP Yonhap News

According to international media including The Guardian on May 19 (local time), Jonathan was arrested by the Catalan police in Spain, questioned, and then appeared in court. The court granted Jonathan conditional release on bail set at 1 million euros (approximately 1.75 billion won), and ordered him to surrender his passport and imposed a travel ban. Afterward, Jonathan paid the bail and left the courthouse.

The court stated that the current investigation is "being conducted with the possibility of a homicide charge in mind." In response, Jonathan's family has maintained his innocence and stated they will continue to fully cooperate with the authorities.

Previously, on December 14, 2024, Isaac Andic died after falling about 150 meters into a gorge while hiking with his son Jonathan near Montserrat, close to Barcelona. It was reported that Jonathan, who was present at the scene, made the emergency call.

Initially, the police considered the case to be an accidental death, but later expanded the investigation based on certain circumstances and statements. Mango has declined to issue an official comment regarding the incident.

Asset Value in Excess of 6 Trillion Won During His Lifetime... Built a Global Fashion Brand

Mango Founder Isaac Andic. Photo by AP Yonhap News

Isaac Andic was born in 1953 to a Jewish family in Istanbul, Türkiye, and moved with relatives to Catalonia, Spain, in the late 1960s. He developed his business acumen in high school by selling T-shirts to his friends in Barcelona, later moving into clothing wholesale before opening the first Mango store in 1984.

Mango has since grown into a global fashion company, recording sales of 3.8 billion euros (about 6.6 trillion won) last year. At the time of his death, Isaac Andic served as the non-executive chairman of Mango, and Forbes estimated his net worth at 4.5 billion dollars (about 6.8 trillion won).

Currently, 95% of the company's shares are jointly held by Jonathan and his two sisters, the three children of Isaac Andic, while the remaining 5% is owned by Toni Ruiz, who has served as CEO since 2020.

This content was produced with the assistance of AI translation services.