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The son of a billionaire fashion mogul whose clothing company sells apparel across the United States was arrested Tuesday in Spain as authorities investigate his father’s death after a fall in a mountainous tourist area near Barcelona, according to Reuters.
Isak Andic, 71, was hiking with his son in the mountains near Barcelona when he fell about 500 feet down a cliff and died in December 2024. tHE son, Jonathan Andic, 45, was the only witness.
The fatal fall was initially ruled accidental, but now authorities have launched a homicide investigation.
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Jonathan, who took over the global fashion empire with his sisters after their dad’s death, was released on 1 million euros bail and ordered to surrender his passport while remaining in Spain during the investigation, Reuters reported.
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The younger Andic has denied wrongdoing, and the family has maintained his innocence.
“There is no legitimate evidence against him, nor will any be found,” the Andic family said in a statement, according to Reuters.
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In a statement, defense lawyer Cristobal Martell told the outlet that the homicide theory was inaccurate.
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“But above all, it is painful. It stigmatizes an innocent man. Now the real process begins, and the truth and his innocence will shine through.”
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Isak, who was born in Istanbul, moved to Catalonia in the northeast of Spain in the 1960s and founded Mango in 1984. He built it into a global group seen as a rival to Zara.
Isak was considered one of Spain’s richest businessmen and built Mango into one of Europe’s largest clothing retailers with a presence in more than 100 countries.
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At the time of his death, he was non-executive chairman of Mango with a net worth of $4.5 billion according to Forbes.
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Jonathan Andic is the eldest of Isak Andic’s three children and one of his father’s heirs. He has been the vice chairman of the board at Mango.
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Fox News Digital has reached out to Mango and Martell for comment.
Read the full article here
