Mango clothing tycoon’s son named suspect in death of billionaire whose brand stretches across US
The son of a billionaire fashion mogul whose clothing company sells apparel across the United States was arrested Tuesday in Spain as authorities investigate his father’s death after a fall in a mountainous tourist area near Barcelona, according to Reuters.
Isak Andic, 71, was hiking with his son in the mountains near Barcelona when he fell about 500 feet down a cliff and died in December 2024. tHE son, Jonathan Andic, 45, was the only witness.
The fatal fall was initially ruled accidental, but now authorities have launched a homicide investigation.
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Jonathan, who took over the global fashion empire with his sisters after their dad’s death, was released on 1 million euros bail and ordered to surrender his passport while remaining in Spain during the investigation, Reuters reported.
The younger Andic has denied wrongdoing, and the family has maintained his innocence.
"There is no legitimate evidence against him, nor will any be found," the Andic family said in a statement, according to Reuters.
In a statement, defense lawyer Cristobal Martell told the outlet that the homicide theory was inaccurate.
"But above all, it is painful. It stigmatizes an innocent man. Now the real process begins, and the truth and his innocence will shine through."
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Isak, who was born in Istanbul, moved to Catalonia in the northeast of Spain in the 1960s and founded Mango in 1984. He built it into a global group seen as a rival to Zara.
Isak was considered one of Spain’s richest businessmen and built Mango into one of Europe’s largest clothing retailers with a presence in more than 100 countries.
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At the time of his death, he was non-executive chairman of Mango with a net worth of $4.5 billion according to Forbes.
Jonathan Andic is the eldest of Isak Andic's three children and one of his father's heirs. He has been the vice chairman of the board at Mango.
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Fox News Digital has reached out to Mango and Martell for comment.