Isak Andic, the billionaire founder of the clothing retailer Mango, died on Saturday after an apparent accident, the company announced, and local reports suggest he fell while hiking with family members near Barcelona.

Mango founder Isak Andic died in an apparent accident in the caves outside Barcelona, according to Spanish Prime Minister Pedro Sanchez and local authorities.

Isak Andic, the founder of Spanish clothing retailer Mango, one of Europe's largest fashion groups, with nearly 2,800 stores worldwide, died Saturday in an accident, the company said.

The founder and owner of fashion empire Mango, Isak Andic, died on Saturday in a mountain accident, police said. He was 71. The businessman slipped and fell over 100 metres from a cliff while hiking with relatives in the Montserrat caves near Barcelona,

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,” Mango CEO Toni Ruiz said in a statement,

Fashion brand Mango’s billionaire founder, Isak Andic, has died in a hiking accident in Spain, the company said. The 71-year-old slipped and fell from a 150-foot-high cliff Saturday while hiking with family in Montserrat near Barcelona,

The founder and owner of the fashion empire Mango, Isak Andic, died on Saturday (December 14) after falling while on a hike with relatives, police said. Olivia Zollino reports.

Isak Andic, founder of fashion giant Mango, has died after "an accident," the company confirmed in a statement. Andic — whom Forbes reports was 71 years old — unexpectedly died on Saturday, Dec. 14, per the statement released earlier in the day and signed by Mango CEO Toni Ruiz.