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Mango heir faces homicide probe, family empire at risk

Financial Times Companies •
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Barcelona prosecutors say Jonathan Andic, eldest son of Mango founder Isak Andic, became the prime suspect in his father’s death on Montserrat last month. The billionaire, whose fashion empire was valued at $4.5 bn, fell after a misstep that Jonathan described as hearing stones and seeing a body. Police now treat the incident as homicide, not accident, still under scrutiny.

The judge’s decision lifted a secrecy order, exposing a bitter father‑son rivalry that intensified after Jonathan’s tenure as Mango’s executive vice‑chair. Under his stewardship the brand accrued more than €600 m of debt and posted losses exceeding €100 m between 2016 and 2018, prompting Isak to retake control and install CFO Toni Ruiz as CEO. The dispute centered on an early inheritance and a planned philanthropic foundation.

Jonathan Andic was released on €1 m bail but remains under investigation, fueling uncertainty over the Andic family’s control of Mango. With 95 % of the chain now owned by the three siblings, investors watch for potential ownership disputes that could affect the brand’s €2 bn annual revenue. The case underscores how personal conflict can jeopardise a major Catalan asset.