The billionaire founder of Spanish fashion giant Mango, died at the weekend after a hiking accident near Barcelona, after the 71-year-old slipped and fell while walking.

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.

Mr. Andic, who died in a fall while hiking, was a founder of “fast fashion” in women’s wear that quickly meets style trends.

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, who has died aged 71 after a fall while hiking, was the Turkish-born co-founder of the Mango fashion label, which made him one of the richest men in Spain.

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

The founder of the fashion empire Mango died on Saturday in a mountain accident, the company has said. Isak Andic, 71, died after slipping from a 150-metre cliff while hiking with relatives in the Montserrat caves near Barcelona, according to the Spanish newspaper La Vanguardia.