Isak Andic, the billionaire founder of the fashion brand Mango, died in an accident. He fell while hiking through caves near Barcelona, reports say.

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