The 71-year-old, one of the richest people in Spain, is said to have been hiking in the mountains near Barcelona at the time of the accident.

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.

Isak Andic, the founder of Spain’s Mango fashion chain, died Saturday following an accident. He was 71.