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

Mango A mango is an edible stone fruit produced by the tropical tree ''Mangifera indica''. It is believed to have originated in the region between northwestern Myanmar, Bangladesh, and northeastern India. ''M. indica'' has been cultivated in South a ...

Early life

Born to a

Sephardic Jewish Sephardic (or Sephardi) Jews (, ; lad, Djudíos Sefardíes), also ''Sepharadim'' , Modern Hebrew: ''Sfaradim'', Tiberian: Səp̄āraddîm, also , ''Ye'hude Sepharad'', lit. "The Jews of Spain", es, Judíos sefardíes (or ), pt, Judeus sefar ...

family in

Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

,MujerHoy: "¿Quién es Jonathan Andic, el heredero de Mango?"
08 January 2013Business_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".html" ;"title="fast fashion">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"">fast fashion">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 Andic's family emigrated from Turkey to Barcelona, Spain in 1969 where he and his brother Nahman began selling hand-embroidered T-shirts and clogs. They opened shops in Barcelona and Madrid, first selling their own brand (Isak jeans) and then stocking other brands. In 1984, he joined with fellow entrepreneur Enric Cusí and his brother and re-denominated all their stores under the name

. 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. In 2006, Andic was appointed the director of

Banco Sabadell Banco de Sabadell, S.A. ( ca, Banc Sabadell) is a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain. It is the 4th-largest Spanish banking group. It includes several banks, brands, subsidiaries and a ...

and in 2012, he became its single largest shareholder with a 7% ownership interest. According to

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

, Andic has a net worth of $4.8 billion, as of January 2015. Mango has 2,400 stores in 107 countries.

Membership

Isak Andic is member of

IESE IESE Business School is the graduate business school of the University of Navarra. Founded in 1958 in Barcelona where its main campus is located,López, T. & Pampliega, J“La fundación del IESE (1956–1958)” Universidad de Navarra, Biblioteca ...

's International Advisory Board (IAB).

Personal life

Andic is divorced from Neus Raig Tarragó with whom he has three children:El Confidencial: "Andic nombra a su hijo Jonathan como sucesor en Mango" by Marcos Lamelas
October 20, 2012 (born 1981) who was named his successor in 2012; Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997). Also, he had a relationship with the catalan stylist Zenaida Bufill Comadrán. Andic lives in

Barcelona Barcelona ( , , ) is a city on the coast of northeastern Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second most populous municipality of Spain. With a population of 1.6 million within ci ...

References

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 {{Spain-business-bio-stub