Isak Andic

Isak Andic Ermay (born 1953) is a Spanish billionaire businessman, the founder and largest shareholder in the clothing retail chain Mango.

In this Spanish name, the first or paternal surname is Andic and the second or maternal family name is Ermay.
Isak Andic Ermay
Isak Andic, Helena Rakosnik and Artur Mas (2010)
Born1953/1954 (age 66–67)[1]
Istanbul, Turkey
NationalitySpanish
OccupationFounder and largest shareholder, Mango[1]
Net worth$1.1 billion (April 2020)[1]
Spouse(s)Neus Raig Tarragó (divorced)
Children3

Early life

Born to a Sephardic Jewish family in Istanbul,[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 for the fact that 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] Jonathan Andic (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
  1. "Forbes profile: Isak Andic". Forbes. Retrieved 7 April 2020.
  2. MujerHoy: "¿Quién es Jonathan Andic, el heredero de Mango?" 08 January 2013
  3. 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
  4. Jerusalem Post: "The world's 50 Richest Jews: 31-40" February 26, 2015
  5. Globedia: "Andic compra un millón de títulos del Banco Sabadell y se consolida como primer accionista" May 23, 2011
  6. Members of IESE's International Advisory Board, iese.edu
  7. El Confidencial: "Andic nombra a su hijo Jonathan como sucesor en Mango" by Marcos Lamelas October 20, 2012


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