Isak Andic Net Worth is$5 Billion
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Profession: Businessperson
Isak Andic net worth: Isak Andic is a Spanish entrepreneur who has a net worth of $5 billion. Isak Andic co-founded the clothing design and manufacturing company Mango back in 1984, along with his brother Nahman Andic. Since then, Mango has grown into a company that generates 82% of sales outside Spain and oversees about 2600 stores across 109 countries worldwide, from the Dutch Antilles to China. The group, which made its name for both producing and selling reasonably priced, trendy women's apparel, has opened 800 "corner" stores within other retailers over the last few years. However, this didn't stop the sales and profits drop, especially in 2011. Thus, Mango introduced some far-reaching changes including a 20% reduction in prices, a return to basic designs and shifting clothing production in-house. Today, Isak's son and apparent heir supervises He by Mango, the retailer's line for men, as well as he took over the position of Deputy President in 2012, just below his father on the company's employment chart. What's more, Kate Moss was recently replaced by Australian model Miranda Kerr as the face of the brand. In addition to Mango, Andic also owns shares in Banco Sabadell, one of Spain's largest banking groups. The media-shy entrepreneur and his family moved to Spain from Turkey in the 1960s. Now, Isak Andic is one of the richest people in Spain who loves to spend his free time sailing on his yacht called the Nirvana.
Isak Andic Ermay (Estambul, TurquA-a, 1953) es un empresario espaA?ol del sector de la moda.
LlegA? a Barcelona en 1968 y comenzA? su trayectoria en la moda en el aA?o 1972 cuando, con cuatro blusas bordadas a mano y fabricadas en TurquA-a, efectuA? su primera venta a una tienda llamada Ibiza en la VA-a Augusta de Barcelona. Posteriormente, continuA? vendiendo en varias tiendas de Madrid, Barcelona y otras ciudades de EspaA?a hasta que abriA? su primera tienda en el mercadillo de Balmes de Barcelona en 1973. Desde esa fecha hasta 1984 abriA? varias tiendas multimarca en Barcelona. En 1984 cambia su visiA?n de futuro a un A?nico concepto, marca y cadena de distribuciA?n a nivel mundial con la creaciA?n de MANGO.
Isak Andic es el fundador y principal accionista del grupo espaA?ol de moda MANGO, presente en 109 paA-ses con mA?s de 2.500 tiendas y una facturaciA?n como cadena que superarA? los 2.000 M euros. Cuenta con 11.000 empleados directos, de los que un 83% son mujeres. (Datos aA?o 2012)
En 2011 ocupaba el puesto 221 del mundo en la clasificaciA?n de personajes mA?s ricos del mundo que elabora la revista Forbes. Andic ha llevado un modo de vida extraordinariamente discreto: hasta hace unos aA?os no realizaba apariciones pA?blicas e incluso resultaba imposible conseguir fotografA-as suyas. De 2010 a abril 2012 ha presidido el Instituto de Empresa Familiar. Al finalizar este mandato, ha recuperado su acostumbrada discreciA?n.
Actualmente, Isak Andic, ademA?s de ser el Presidente Ejecutivo de la multinacional textil MANGO, ostenta los siguientes cargos en diversas instituciones: Vicepresidente del Banco Sabadell, Miembro del Consejo Asesor Internacional del IESE (IAB), del International Advisory Board de la Generalidad de CataluA?a y del Investment Advisory Council for Turkey. Es Patrono de la FundaciA?n PrA-ncipe de Asturias y de la FundaciA? PrA-ncep de Girona.
Isak Andic es un hombre extremadamente familiar, que ademA?s siente una gran pasiA?n por s

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Isak Andic Latest News

Amancio Ortega, the richest Spaniard

To find another Spanish veteran in the Forbes ranking beyond Ortega, we have to reach place 159, where there is another textile manufacturer, Isak Andic, founder of Mango, with 6.1 billion dollars, after him is the former Inditex owner's wife, Rosalia ...
Posted: March 10, 2011, 3:59 pm

Spanish fashion retailer Mango plans to open a store a day

"Our aim is to end up opening a store a day and to do that we are travelling to China where some companies are opening up to 500 sales points a year," Isak Andic told a magazine run by business school IESE. "We are going to learn what they do in order to ...
Posted: August 11, 2010, 9:00 pm

Spain's Mango takes on retail fashion rivals Inditex, H&M

"In China, they sew better than in Europe nowadays." Mango's founders, the Andic brothers, Isak and Nahman, opened their first store at 65 Passeig de Gracia in 1984, when Casi worked as a consultant for them. "It was an old fur shop and I remember we ...
Posted: June 17, 2013, 5:53 am
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