BarcelonaThe arrest of Jonathan Andic, son of Mango founder Isak Andic, introduces a new variable into the equation that was the death of the historic Catalan fashion businessman. Andic’s passing in December 2024, long treated as a tragic accident, forced a reorganization of the ownership and businesses of the Principality’s fashion giant. As early as January 2025, the three children divided the executive positions of Punta Na Holding, the company that holds 95% of Mango’s ownership through Mango MNG Holding; as well as the family’s patrimonial company, which also operates under the same umbrella.
The eldest son, Jonathan, took over the presidency of the holding that holds the majority ownership of Mango, Mango MNG Holding; as well as Punta Na Holding. The firstborn had already held the directorship of Mango Man, the company’s men’s segment, for 17 years; but he left it after assuming the vice-presidency, with the aim of focusing on the management of the family’s assets.
The second heiress, Judith Andic, is vice-president of the company that controls 95% of the company’s shares. The 5% of shares not held by the family, it should be remembered, are held by Toni Ruiz, the CEO. Ruiz also assumed the chairmanship of the multinational’s board of directors following the founder’s death. The youngest daughter, Sarah, joined as a member. She also assumed the presidency of Punta Na SA, the family’s patrimonial company, which already included the three siblings as directors before Isak Andic’s death.
The three siblings had already divided both the positions and the ownership bequeathed to them by their father during the first months after his death. The inheritance, however, was formalized in July, and confirmed an equal division of the inheritance of the man who was the richest in Catalonia.
Mango, on the rise
Despite the stir caused by the founder’s death, Mango recorded a significant leap in both turnover and net profit in 2025. The Catalan fashion firm increased its profit by 11% in the first year without Isak Andic, to 242 million euros, thanks to a turnover of close to 3.8 billion.
“We have managed to turn a complicated year into a record year,” celebrated the brand’s CEO during the results presentation last March. In fact, Ruiz placed the insignia at “the solid moment in its history,” to the point that he expects to close 2026 exceeding the 4 billion euro turnover mark for the first time.
When asked then about the investigation into Andic’s death, Ruiz abstained from making comments, recalling that “the proceedings are under summary secrecy.” The family has maintained the multinational’s line, and this very Tuesday has issued a brief statement recalling that “nothing can be added” to the published information because “there is summary secrecy.” “The collaboration has been and will be maximum within the framework of the proceedings,” insisted spokespersons for the Andic family.
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