The arrest of Jonathan Andic puts Mango's inheritance in the spotlight
The three sons of Isak Andic equally shared the business and investment legacy of their father after his death in December 2024
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 entrepreneur. 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 up 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 asset management 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 managing family assets.
The second heir, 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 recalled, are held by Toni Ruiz, the CEO. Ruiz also assumed the presidency 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 asset management company, which already included all three siblings as directors before Isak Andic's death.
The three siblings had already divided both the positions and the property bequeathed by their father during the first months after his death. The inheritance, however, was formalized in July, confirming an equal division of the inheritance of what was once the richest man in Catalonia.
Mango, on the rise
Despite the uproar caused by the founder's death, Mango registered in 2025 an important leap in both turnover and net profits. The Catalan fashion firm increased profits by 11% in the first year without Isak Andic, to 242 million euros, thanks to a turnover close to 3,800 million.
"We have managed to turn a complicated year into a record year," celebrated the brand's chief executive during the results presentation last March. In fact, Ruiz placed the brand at "the most solid moment in its history," to the point that he expects to close 2026 by exceeding the 4,000 million euro turnover barrier for the first time.
When asked then about the investigation into Andic's death, Ruiz refrained from commenting, recalling that "the proceedings are under summary secrecy." The family has maintained the multinational's line, and this very Tuesday issued a brief statement recalling that "nothing can be added" to the published information because "there is summary secrecy." "Collaboration has been and will be maximum within the framework of the proceedings," insisted spokespersons for the Andic family.
