The three children of Isak Andic, founder of Mango, inherit their father's legacy equally.

BarcelonaThe three sons of Mango founder Isak Andic, died in a mountain accident last December, have already taken on their father's business legacy, through both the family holding company Punta Na—which encompasses, for example, all their real estate businesses—and the Catalan fashion brand. According to what has been announced The Vanguard As ARA has been able to confirm, the process of formalizing the inheritance of the man who was once the richest man in Catalonia has now been completed, and the businessman's descendants will equally divide both the ownership and positions in the group's various companies. The newspaper also reports that these changes will be implemented in the Commercial Registry in the coming weeks.

Although the unknowns surrounding the inheritance were not entirely resolved until now, corporate movements in recent months seemed to indicate that the three Andic brothers were equally dividing the positions and ownership of the company. The founder of Mango controlled 95% of the chain's shares, while the remaining 5% had been given to the CEO and current president, Toni Ruiz, as a thank you for his work.

Thus, the eldest brother, Jonathan Andic, is now the president of both MNG Holding SAU (the company that controls the family's stake in the fashion company) and Punta Na Holding SA. On the other hand, Sarah Andic, the youngest, is vice president of MNG Mango Holding SAU, secretary of Punta Na Holding SA and president of real estate. Finally, the middle one, Judith Andic, is also vice president of MNG Mango Holding SAU, as well as a member and attorney of Punta Na Holding SA and a member of Punta Na SAU. Last April, the three brothers completed a purchase that their father had promoted through this last vehicle: they acquired the 1,000 m² premises The Vanguard.

Following the death of Isak Andic, Mango's board of directors had to be reconfigured. Jonathan Andic was appointed vice president of the multinational at the beginning of the year, and the eldest son stepped down from his position as head of Mango Man last month. The executive had been in charge of that division for the past 17 years, but left that position to focus on managing the family's assets. In addition to Andic and Ruiz, the board also includes heavyweights within the firm such as Daniel López and Margarita Salvans as executive directors, as well as five independent directors (IESE professor Jordi Canals, founder of the AZ Capital fund Jorge Lucaya, former Danone and Louis Vuitton executive Jordi Constans, and the president and former CEO of Desigual, Manel Adell).