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

The 25 richest people in fashion

Business Insider has compiled a list of the 25 richest people in the fashion industry ... The retailer now has 790 stores across 48 countries. Isak Andic is the founder of international clothing retail chain Mango. Andic launched the fashion brand with ...
Posted: September 18, 2017, 5:19 am

Spanish retail giant sees potential in PH

Founded in 1984 in Spain by Turkish emigrant brothers Isak and Nahman Andic, Mango was named after the Philippine mango, whose taste so captivated Isak when he sampled the fruit during a trip to the country many years ago. The name also stuck because it is ...
Posted: December 19, 2015, 11:53 am

Catalonia's Mango defies recession

Owned by media-shy billionaire Isak Andic, Mango typifies an export-led business savvy that is the pride of many Catalans, who will hold snap regional elections November 25 over a pro-independence push. Mango's budget-minded clothing is sold as far afield ...
Posted: November 18, 2012, 4:00 pm
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