Billionaire fashion mogul Isak Andic dies as his Mango chain is expanding rapidly in the U.S.

(Credit: Robert Marquardt—Getty Images)

• Mango founder Isak Andic died Saturday at the age of 71 while hiking in Spain. His chain has about 2,700 stores in 120 countries and is in the midst of a major U.S. expansion.

Isak Andic, who founded the European fashion brand Mango, died on Saturday while hiking in Spain, just as his chain is expanding rapidly in the U.S.