Jonathan Andic steps down from Mango after $1M bail in father's death

Jonathan Andic, son of Mango's late founder, temporarily stepped down as vice president after his arrest in connection with his father's death.

"The attention and focus necessary to my defense in the judicial process mean I cannot maintain the high levels of dedication required by my role in the company," Andic said in an open letter to staff Tuesday.

Andic was released without charge after paying more than $1 million in bail. He must report to a local judge once a week and is banned from leaving Spain. His legal team said the homicide allegation is unfounded.

Mango Chief Executive Toni Ruiz said he supported Andic and expressed confidence the judicial process would be resolved "favorably" and rapidly. The privately held fashion group is "at the best moment in its history," Ruiz said.

Isak Andic, who founded Mango in 1984, died in December 2024 after falling from a height while trekking near Barcelona with his son. The elder Andic built the company into one of Europe's largest fashion retailers, with more than 2,700 stores across 120 markets.

The arrest and subsequent leadership change come as Mango has been expanding its global footprint, competing with rivals such as Inditex's Zara and H&M. The company has focused on its online channel and US market entry in recent years.

Andic's temporary departure leaves Ruiz, who became CEO in 2020, as the sole top executive steering the company through the legal proceedings. The outcome of the investigation will determine whether Andic can return to his role. A court date has not yet been set.

This article is for informational purposes only and does not constitute investment advice.