Isak Andic, the founder of fashion giant Mango, died on Dec. 14 at age 71 after what the company is referring to as 'an accident,' with Spanish media reporting that he fell to his death while hiking.

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.

Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said in a statement.