Isak Andic Explained

Isak Andic Ermay
Birth Date:[1]
Birth Place:Istanbul, Turkey
Nationality:Spanish
Spouse: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.

Biography

Born to a Sephardic Jewish family in Istanbul, Turkey,[2] [3] [4] 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 Mango. Andic chose the name "Mango" after tasting the fruit on a trip to the Philippines.

In 2006, Andic was appointed the director of Banco Sabadell 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 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:[8] (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.[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]

Notes and References

  1. Web site: Forbes profile: Isak Andic. Forbes. 7 April 2020.
  2. http://www.mujerhoy.com/corazon/paparazzi/jonathan-andik-heredero-mango-708702012013.html MujerHoy: "¿Quién es Jonathan Andic, el heredero de Mango?"
  3. http://www.businessoffashion.com/isak-andic 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"
  4. http://www.jpost.com/Jewish-World/Jewish-Features/The-worlds-50-Richest-Jews-31-40 Jerusalem Post: "The world's 50 Richest Jews: 31-40"
  5. http://es.globedia.com/andic-compra-titulos-banco-sabadell-consolida-accionista Globedia: "Andic compra un millón de títulos del Banco Sabadell y se consolida como primer accionista"
  6. News: Mango owner, Grifols pharmaceuticals head, and Coca-Cola chief, top three richest Catalans . 7 December 2023 . . 2023-11-06.
  7. News: The world's 50 Richest Jews: 31-40 . 7 December 2023 . . 2010-09-07.
  8. http://www.elconfidencial.com/economia/2012/10/20/andic-nombra-a-su-hijo-jonathan-como-sucesor-en-mango-107590 El Confidencial: "Andic nombra a su hijo Jonathan como successor en Mango" by Marcos Lamelas
  9. Web site: Isak Andic se reconcilia con su ex pareja, la catalana Zenaida Bufill. June 25, 2016. ELMUNDO.
  10. https://www.iese.edu/about/leadership/ Members of IESE's International Advisory Board
  11. Web site: Le roi Felipe récompense le fondateur de l’entreprise Mango . 2 April 2024 . Histoires Royales.