This is how Mango has managed to rise again after Isak Andic's death
Mango has stabilized and achieved record results over a year after the death of its founder, Isak Andic.
More than a year after the death of Isak Andic, the founder of the fashion giant Mango, the company has managed to move past one of the most tumultuous periods in its history and present record results. The businessman died on December 14, 2024, after falling from a height of more than 100 meters during a hike with his son, Jonathan Andic, who is currently under investigation for the tragic accident. In the aftermath of this event, Mango faced internal upheaval due to share distribution and shifts in power structure, alongside a judicial investigation regarding the circumstances of Andic's death.
Fifteen months later, the company, which is under the ownership of the Andic family and with 5% held by Toni Ruiz, the current president and CEO, has successfully stabilized its internal situation after the share distribution and changes in its power structure. Ruiz took over the reins after Andic's passing and has played a crucial role in steering the company towards recovery and growth. The impact of these changes has been reflected in the financial metrics and overall company performance since the leadership transition.
The results are compelling: Mango closed 2025, marking the first full financial year without its founder and under Ruiz's leadership, with historical figures in both sales and profits. The Catalan company reported revenues of 3.767 billion euros, a 13% increase from the previous year, showcasing its resilience and successful strategic direction during a challenging transition period. This turnaround signals a strong future for the brand, emphasizing its ability to adapt and thrive even after significant leadership changes and tragic events.