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.

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,

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.