Isak Andic Ermay
Isak Andic (left), Helena Rakosnik and Artur Mas (2010)
Born1953 or 1954 (age 69–70)[1]
Istanbul, Turkey
NationalitySpanish
Occupation(s)Founder and largest shareholder, Mango[1]
SpouseNeus Raig Tarragó (divorced)
Children3

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[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 because 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'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 (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]

References

  1. 1 2 3 "Forbes profile: Isak Andic". Forbes. Retrieved 7 April 2020.
  2. 1 2 3 4 5 6 7 8 9 MujerHoy: "¿Quién es Jonathan Andic, el heredero de Mango?" 08 January 2013
  3. 1 2 3 4 5 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. ↑ "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. 1 2 3 El Confidencial: "Andic nombra a su hijo Jonathan como successor en Mango" by Marcos Lamelas 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
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