Ammon News - Isak Andic, the founder of high street fashion chain Mango, has died after a hiking accident in Spain on Saturday, the company said.

The 71-year-old billionaire slipped and fell from a 150-metre cliff while hiking with relatives in the Montserrat caves near Barcelona, according to local media reports.

El País newspaper said Andic’s son was at the scene of the accident and police were called at about 1pm, with a helicopter and specialised mountain unit dispatched to the scene.

Mango chief executive Toni Ruiz said in a statement: “It is with deep regret that we announce the unexpected death of Isak Andic, our non-executive chairman and founder of Mango, in an accident that occurred this Saturday.

The Guardian