Mango has undertaken a broad reorganization of its internal powers and signature systems, according to information published this Monday in the BORME. The changes, agreed on May 18, affect dozens of powers of attorney and were approved just one day before the arrest of Jonathan Andic, investigated for the death of his father and founder of the company, Isak Andic.
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The set of movements have a technical and organizational nature. These modify the scope of the company’s legal representation powers, focused on the figures of joint attorneys-in-fact. This is a common practice in large multinational companies to adapt their controls and compliance.
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The adjustment mainly affects profiles in the financial, tax, and legal areas. Among the names that appear is Mango’s chief financial officer, Margarita Salvans, a member of the board of directors who is increasingly gaining weight within the group. The changes also reach those responsible for taxation, international subsidiaries, legal advice, and labor relations.
One of the most relevant changes is the increase in the weight of joint signatures, those that require the joint authorization of several executives to carry out certain operations. This model reduces individual action capacity and is usually used to strengthen internal supervision mechanisms, especially in companies with complex international structures.
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Mango is present in more than 120 markets and is in the midst of an expansion process, aiming to reach 4 billion euros in sales for this fiscal year. The goal coincides with one of the moments of greatest media exposure and reputational pressure on the company.
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The homicide case of Jonathan Andic has also focused attention on the governance of the fashion firm chaired by Toni Ruiz. Isak Andic’s eldest son is not only co-owner of Mango along with his sisters (Toni Ruiz owns only 5% of the shares), but also serves as vice president of the board of directors, a position he currently holds.
This new episode of the judicial investigation has caused dismay in the executive leadership, which awaits the evolution of events. In this new phase, Jonathan Andic’s defense will take the floor and try to dismantle the alleged evidence that the Mossos d’Esquadra have collected over months and that the judge of Martorell includes in a devastating order.
On the business side, all efforts are focused on shielding the business from the judicial case. To date, Mango’s sales have not been affected by the investigation into Isak Andic’s death in December 2024, with record results of almost 3.8 billion euros in 2025 and profits of 242 million euros. During this time, organizational changes have accelerated, as Isak Andic had planned in life. The company has changed its corporate name and has gone from a limited company to a public limited company, in addition to strengthening its board of directors with six independents, including Marc Puig, president of Puig.
