Mango CEO Isak Andic poses during the Mango New Collection Presentation at Centre Pompidou on May 17, 2011 in Paris, France. Photo by Foc Kan/WireImage via Getty

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.

"It is with deep regret that we announce the unexpected death of Isak Andic, our non-executive chairman and founder of Mango," the Barcelona-based company's CEO, Toni Ruiz, said in a statement.

"Isak has been an example for all of us. He dedicated his life to Mango, leaving an indelible mark thanks to his strategic vision, his inspiring leadership and his unwavering commitment to values that he himself imbued in our company," he added.

The company did not provide further details about the accident. Spanish media said the 71-year-old died after falling while hiking with several members of his family near Barcelona.

Spanish Prime Minister Pedro Sanchez said in a post on social media, "My condolences to the family of Isak Andic, founder of Mango, on his tragic death in an accident in the Salnitre de Collbató caves." He added, "All my love and recognition for your great work and business vision, which has turned this Spanish firm into a world leader in fashion."

Mango traces its origins to 1984, when Andic, who is of Turkish origin, opened his first shop on the Paseo de Gracia, Barcelona's famous shopping street, with the help of his older brother Nahman.

It was hugely successful. Spain had just emerged from a decades-long dictatorship that ended with the death of General Francisco Franco in 1975, and consumers were hungry for more modern clothes.

"His departure leaves a huge void, but we are all, in some way, his legacy and the testimony of his achievements. It is up to us, and this is the best tribute we can make to Isak and which we will fulfill, to ensure that Mango continues to be the project that Isak aspired to and of which he would be proud," Ruiz said.

Mango has consolidated its position as one of the leading international fashion groups, with a major presence in more than 120 markets and 15,500 employees worldwide, according to its website.

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