What does he do and what is his condition?
In November it became known that the richest people in Spain in 2024 according to Forbes. The autonomous community that sits at the top of this peak, Madrid and what has become most common in recent years is that Amancio Ortega, founder and first shareholder of Inditex, took over first place; It also falls within the range 10 luckiest people in the world.
Next on the Forbes list are: Amancio Ortega’s own daughter Sandra Ortega (10.4 billion euros); Ferrovial President Rafael del Pino Calvo-Sotelo (7.1 billion euros); and the President of Mercadona, Juan Roig (5.8 billion euros). Outside the top four, although his fortune is the highest, Isak Andic, textile industry professional.
He Catalanowns Mango has a cash fund of 4.5 billion euros, an increase of 40% (1.8 billion euros) compared to last year. The owner of a clothing company moved up a total of five positions from the previous edition; currently it is fifth state in all of Spain.
Isak Andic He was born in Istanbul in 1953, and when he was fourteen years old, he moved to Barcelona. IN 1984 founded the Mango company. having opened several multi-brand stores in previous years. His company is present on five continents, and there are brand stores in 120 countries.
Mango, a multinational company born in Barcelona
In the year of its foundation, the first store appeared, which The Mango brand opened on Passeig de Gràcia in Barcelona; The following year its expansion began, and in Valencia. Three years later, the inventory management system was expanded and the system Right on timewhich means producing based on market demand.
It started in 1992 international expansion after opening a total of 100 businesses throughout Spain. The first two Mango stores opened outside of Spain were in Portugal. Subsequently, the organization’s website was launched, and the volume of business generated in foreign countries exceeded the national level for the first time.
’98 was the moment when he positioned himself as second largest exporting company in the textile sector of Spanish originand in 2002, with 630 stores open in 70 countries, several franchises expanded again in Europe, Oceania and Africa.
Mango unveils plan to reach €4 billion in turnover in 2026
Mango increased its turnover by 15% compared to last yearsomething record-breaking that has never happened; in 2023 there will be about 3.1 billion euros. During the financial year, the company made great strides in the physical sales channel, totaling 130 net openings to reach 2,700 points of sale in a variety of markets around the world.
The plan launched by Isak Andic’s company is called: Plan 4E (Elevate, Expand, Earn & Empower), a strategy that provides will reach 4 billion euros and the opening of another 500 stores by 2026. With a different and “revolutionary” value proposition in the market, the foundations of this project are based on the following:
Raise
Offer a proposal based on: increase value and identity through ambition, product quality and personal style belonging to the territory of Barcelona; In addition, the intention to offer better customer service and effective sustainability will be demonstrated.
Expand
The strategy will be to continue to focus and focus on store growth; target unlock 500 by next 2026. This will increase presencelargely in countries such as Spain, Italy, USA and UKamong others.
Earn
Develop and increase sales in already open stores. The plan explains that they will have to resort to and rely on elements such as artificial intelligence, big data management and technological development. In this sense, online channels are considered very important.
expand opportunities
The final pillar of the strategy is its work. Mango has about 15,500 employeesand his new task will be to instill pride in belonging through talent and an effective organizational business model. The focus will be on developing your work teams.