Isak Andic

In this Spanish name, the first or paternal surname is Andic and the second or maternal family name is Ermay.

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

Isak Andic Ermay
Isak Andic (left), Helena Rakosnik and Artur Mas (2010)
Born	1953 or 1954 (age 70–71)[1] Istanbul, Turkey
Nationality	Spanish
Occupation(s)	Founder and largest shareholder, Mango[1]
Spouse	Neus Raig Tarragó (divorced)
Children	3

Biography

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.^[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's net worth as of November 2023 was €2.7 billion, making him the richest person in Catalonia.^[6] In 2010, he was the 32nd richest Jew in the world, immediately behind David Geffen.^[7]

Personal life

Andic is divorced from Neus Raig Tarragó with whom he has three children:^[2][8] Jonathan Andic [es] (born 1981) who was named his successor in 2012;^[2][3][8] Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997).^[2][8] Also, he had a relationship with the Catalan stylist Zenaida Bufill Comadrán.^[9] Andic lives in Barcelona.^[1]

Isak Andic is a member of IESE's International Advisory Board (IAB).^[10]

Awards

The co-founder and chairman of the Mango chain, Isak Andic, was awarded the Kingdom of Spain Award for Business Excellence for his contribution to Spain's economic and social development.^[11]

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" Archived 2015-01-24 at the Wayback Machine 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" Archived 2015-02-26 at the Wayback Machine May 23, 2011
6. "Mango owner, Grifols pharmaceuticals head, and Coca-Cola chief, top three richest Catalans". Catalan News. 2023-11-06. Retrieved 7 December 2023.
7. "The world's 50 Richest Jews: 31-40". Jerusalem Post. 2010-09-07. Retrieved 7 December 2023.
8. El Confidencial: "Andic nombra a su hijo Jonathan como successor en Mango" by Marcos Lamelas Archived 2015-02-26 at the Wayback Machine October 20, 2012
9. "Isak Andic se reconcilia con su ex pareja, la catalana Zenaida Bufill". ELMUNDO. June 25, 2016.
10. Members of IESE's International Advisory Board, iese.edu
11. "Le roi Felipe récompense le fondateur de l'entreprise Mango". Histoires Royales. Retrieved 2 April 2024.