Andic, a leading figure in the Spanish business community
The businessman, jealous of his privacy and relationship with the media, was one of the richest men in Spain. Forbes estimates that he and his family have a net worth of $4.5 billion.
Under his supervision, the company hired big stars such as the British model Kate Mossthe Spanish actress Penelope Cruz and the French footballer Antoine Griezmann for your marketing campaigns.
“His legacy reflects the achievements of a business project marked by success, and also by his human quality, his closeness and the care and affection that he always had and transmitted at all times to the entire organization,” said Ruiz, who added that ” “His departure leaves a huge void.”
Born in 1953 in Istanbul, Andic moved to Barcelona, in the wealthy Catalonia region of northeastern Spain, with his family when he was 14. In 1984, with the help of his older brother Nahman, he opened his first store on Paseo de Gracia, Barcelona’s famous shopping street. It was a great success.
Spain had just emerged from a decades-long dictatorship that ended with the death of General Francisco Franco in 1975, and consumers were hungry for more modern clothing. “He saw that we needed color, style,” explained the company’s global retail director, César de Vicente, in an interview with AFP in March 2024.
A name and a brand: the expansion of a fashion empire
Andic quickly opened dozens more stores in Spain and then abroad, starting in neighboring Portugal and France, all under the Mango name.
“He realized that having the same name, having the same brand in all the stores, would make the concept much stronger,” De Vicente said.
The company’s versatile offering, spanning both professional and casual styles, has been a hit with consumers: Mango sells almost 160 million items of clothing and accessories a year.
Mango has established itself as one of the main international fashion groups, with a significant presence in more than 120 markets and 15,500 employees around the world, according to its website.
The retailer closed 2023 with a turnover of 3.1 billion euros. Like its main domestic rival, Inditex, the world’s largest fashion retailer and owner of the popular Zara brand, Mango strives to quickly adjust its production to the latest fashion trends while offering affordable prices.
Mango does not own any factories and outsources its production mainly to lower cost countries, such as Türkiye and Asia. As part of its latest strategic plan, Mango aims to have more than 3,000 stores worldwide by 2026.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
