Isak Andic
Isak Andic Ermay | |
|---|---|
 Isak Andic (left), Helena Rakosnik and Artur Mas (2010) | |
| Born | 1953/1954 (age 67–68)[1] Istanbul, Turkey |
| Nationality | Spanish |
| Occupation | Founder and largest shareholder, Mango[1] |
| Spouse(s) | Neus Raig Tarragó (divorced) |
| Children | 3 |
Isak Andic Ermay (born 1953) is a Spanish billionaire businessman, the founder and largest shareholder in the clothing retail chain Mango.
Early life[]
Born to a Sephardic Jewish family in Istanbul, Turkey,[2][3][4] Andic's family emigrated from Turkey to Barcelona, Spain in 1969[2] where he and his brother Nahman began selling hand-embroidered T-shirts[3] and clogs.[2] They opened shops in Barcelona and Madrid, first selling their own brand (Isak jeans) and then stocking other brands.[3] In 1984, he joined with fellow entrepreneur Enric Cusí and his brother and re-denominated all their stores under the name Mango.[2][3] Andic chose the name "Mango" after tasting the fruit on a trip to the Philippines and because the word is pronounced the same in every language.[2]
In 2006, Andic was appointed the director of Banco Sabadell[2] and in 2012, he became its single largest shareholder with a 7% ownership interest.[5] According to Forbes, Andic has a net worth of $4.8 billion, as of January 2015.[1] Mango has 2,400 stores in 107 countries.[1]
Membership[]
Isak Andic is member of IESE's International Advisory Board (IAB).[6]
Personal life[]
Andic is divorced from Neus Raig Tarragó with whom he has three children:[2][7] (born 1981) who was named his successor in 2012;[2][3][7] Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997).[2][7] Andic lives in Barcelona.[1]
References[]
- ^ a b c d e f "Forbes profile: Isak Andic". Forbes. Retrieved 7 April 2020.
- ^ a b c d e f g h i MujerHoy: "¿Quién es Jonathan Andic, el heredero de Mango?" 08 January 2013
- ^ a b c d e Business of Fashion: "Isak Andic, Co-Founder, Mango - The entrepreneur co-founded the Spanish fast fashion chain by selling embroidered made-in-Turkey blouses in Barcelona" retrieved February 25, 2015
- ^ Jerusalem Post: "The world's 50 Richest Jews: 31-40" February 26, 2015
- ^ Globedia: "Andic compra un millón de títulos del Banco Sabadell y se consolida como primer accionista" May 23, 2011
- ^ Members of IESE's International Advisory Board, iese.edu
- ^ a b c El Confidencial: "Andic nombra a su hijo Jonathan como sucesor en Mango" by Marcos Lamelas October 20, 2012
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- 1953 births
- Living people
- Spanish billionaires
- Spanish Jews
- Turkish Jews
- Turkish expatriates in Spain
- People from Barcelona
- 20th-century Spanish businesspeople
- 21st-century Spanish businesspeople
- Mizrahi Jews
- European business biography stubs
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