Spanish entrepreneur Isak Andic has died. The founder of the fashion brand “Mango” passed away at the age of 71 in an accident, as announced by Mango CEO Toni Ruiz in the evening.

“‘Isak was an example for us all. He dedicated his life to Mango, and thanks to his strategic vision, inspiring leadership qualities, and his unwavering commitment to the values he brought to our company, he left indelible marks'”, Ruiz eulogized the deceased.

Spanish media report consistently that the billionaire fell to his death in a ravine while hiking in a mountain range outside Barcelona.