Isak Andic Ermay (Turkish: İsak Andiç; October 1953 – 14 December 2024) was a Turkish-Spanish businessman.

In 1984, he and his brother Nahman founded clothing retailer Mango. As Mango's largest shareholder, Andic was worth an estimated US$4.5 billion at the time of his death, making him the richest person in Catalonia and one of the richest in Spain.

Early life and career

Born to a Sephardic Jewish family in Istanbul, Turkey, in October 1953, Andic's family emigrated from Turkey to Barcelona, Spain in 1969 where he and his brother Nahman began selling hand-embroidered "made-in-Turkey" T-shirts and clogs. They opened shops in Barcelona and Madrid, first selling their own brand (Isak Jeans) and then stocking other brands. In 1984, he joined with fellow entrepreneur Enric Cusí and his brother and re-denominated all their stores under the name Mango. Andic chose the name "Mango" after tasting the fruit on a trip to the Philippines.

In 2006, Andic was appointed a director of Banco Sabadell and in 2012, became its single largest shareholder with a 7% ownership interest.

According to Forbes, Andic's net worth as of November 2023 was €2.7 billion, making him the richest person in Catalonia. In 2010, he was the 32nd richest Jew in the world.

Personal life and death

Andic was divorced from Neus Raig Tarragó with whom he had three children: Jonathan Andic (born 1981) who was named his successor in 2012; Judith Andic (born 1984), who also works for Mango; and Sarah Andic (born 1997). Also, he had a relationship with the Catalan stylist Zenaida Bufill Comadrán. Andic lived in Barcelona.

Andic was a member of IESE's International Advisory Board (IAB).

Andic died in Collbató on 14 December 2024, at the age of 71, after falling to his death during a visit to the Salnitre Caves [es]. As Mango's largest shareholder, Andic was worth an estimated US$4.5 billion at the time of his death, making him the richest person in Catalonia and one of the richest in Spain.

Awards

Andic was awarded the Kingdom of Spain Entrepreneurial Career Award [es] in 2024.