The founder of the Spanish fashion chain Mango tragically lost his life in an accident on Saturday.

Isak Andic, aged 71, passed away while hiking in mountains outside Barcelona with his son and other family members, slipping and falling down a 150-metre cliff , Spanish media reports.

The billionaire was born in Istanbul and was the founder and largest shareholder in the popular retail shop Mango, a Spanish fast-fashion company which he founded in Barcelona in 1984 with his brother.

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“It is with deep regret that we announce the unexpected death of Isak Andic, our non-executive Chairman and founder of Mango, in an accident that occurred this Saturday,” a spokesperson for Mango wrote in a statement.

“Isak has been an example for all of us. He dedicated his life to Mango, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself imbued in our company.

“His legacy reflects the achievements of a business project marked by success, and also by his human quality, his proximity and the care and affection that he always had and at all times conveyed to the entire organization.

“His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements. It is up to us, and this is the best tribute we can make to Isak and which we will fulfill, to ensure that Mango continues to be the project that Isak aspired to and of which he would feel proud.

“In these extremely difficult times we share the pain of the family as if it were our own."

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