In Barcelona’s business landscape, the name Isak Andic stands out with its own brilliance. Recognized as the richest Barcelona native in Spain according to the prestigious Forbes list, Isak Andic is the co-founder and owner of the successful fashion chain Mango.
In the latest ranking of the 100 richest Spaniards in 2023, Andic ranks tenth, with a fortune estimated at 2.7 billion euros.
Isak Andic and the Mango empire
Isak Andic’s success is rooted in his role as owner and mastermind behind the renowned Mango fashion chain. Valued at 1.8 billion euros according to market price, Mango has managed to consolidate itself as a global brand under Andic’s strategic direction.
Through Punta Na Holding, Isak Andic exercises control over its businesses, being the sole administrator and majority shareholder with more than 95% of the capital.
However, the company has a board of directors that includes his three children: Jonathan, Judith and Sarah, demonstrating that the management of Mango is a family business.
Track record of success and growth
Born in Turkey, Isak Andic settled in Barcelona at the early age of 16. He studied at the American High School and later married Neus Raig Tarragó, with whom he had three children.
His foray into the business world led him to found Mango, a company that has experienced steady and significant growth in recent years.
In the last twelve months, Mango has achieved a record turnover, confirming the brand’s solid position in the competitive world of fashion. The company, which operates in 110 markets worldwide, has expanded its online presence by adding 20 new countries by 2023.
In addition, it has opened 130 new stores and renovated approximately 80, highlighting its expansion in key markets such as Texas, Georgia and California in the United States.
Isak Andic is not only a successful entrepreneur, but also a man committed to his vision and values. His love of the sea, which leads him to spend part of the year on his sailboat exploring the world, is balanced by his dedication to consolidating and expanding Mango’s heritage.
Mango, under the leadership of Isak Andic, has managed to maintain sustained growth and continue to be a benchmark in the fashion world.
With the upcoming presentation of the 2024-2026 Strategic Plan, the company seeks to strengthen its unique market position and drive sales through a significant expansion of its store network.
In a strategic move, Mango’s CEO, Toni Ruiz, has joined the company’s share capital with 5% of the shares, becoming the first shareholder outside the owner family.
His legacy is a testament to his success and dedication in the competitive business world.
