Who is Isak Andic Ermay?
He is a Spanish billionaire and the founder of the Mango clothing retail chain. He was born in 1953. He was married to Neus Raig Tarragó. They have 3 children (Jonathan, Sarah, and Judith).
Andic was born in Istanbul (Turkey) and moved to Spain at the age of 16. He started selling T-shirts with his brother Nahman Andic. Soon they opened shops and started selling jeans. In 1994 he had several stores, which he named Mango.
Mango now has more than 2,200 stores in 109 countries. The company has around 9,000 employees. Of which 1,900 in its design center named El Hangar.
In 2015 the Mango group realized sales of US$ 2.5 billion. The Mango group’s parent company is named Punto Fa and is based in Barcelona.
Punta Na is the real estate arm of Andic’s group. Punta Na holds more than US$ 500 million in real estate assets.
Andic is divorced from Neus Raig Tarragó. They have three children, two of whom are active in the company. Jonathan Andic is Executive Vice President en CEO of the company. While his daughter Judith is active in the design department.
Andic is also a shareholder at the Spanish bank Banco Sabadell. And he was Vice Chairman for a few years. Banco Sabadell is the fifth-largest Spanish banking group.
His net worth is estimated at US$ 1.5 billion. He is the 4th richest man in Spain.