The open case against Jonathan Andic for the death of his father, Isak Andic, could have significant financial consequences in the hypothetical event that the eldest son of the deceased businessman is convicted. The main one being the loss of the inheritance received, one third of a total estate that some sources estimated, at the time of death, to be around 8 billion euros.
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According to the Civil Code of Catalonia, such a conviction would imply a situation of “succession unworthiness” that would disqualify him from inheriting the deceased’s assets. This situation occurs when someone “has been convicted by a final judgment issued in a criminal trial for having killed or attempted to kill intentionally the decedent, their spouse, the person with whom they lived in a stable partnership, or any descendant or ascendant of the decedent,” according to article 412.3 of the mentioned legal body.
Jonathan Andic inherited one third of his father’s patrimonial and business empire, the other two thirds were equally divided between the other two daughters, Sarah and Judith. More than 2.7 billion euros each for the three shares. Since the transfer already took place several months ago, the Catalan Civil Code establishes that “once unworthiness or disqualification is recognized or declared, if the affected person had taken possession of the assets, the possession situation must be liquidated,” meaning it has retroactive effects.
The inheritance received by the eldest son plus dividends approaches 3 billion
And not only for the assets received at the time of acceptance of the inheritance, but it would also extend to the income obtained since that moment. That is, dividends from holding companies and Mango, the large company founded by Isak Andic which a month ago announced a historic extraordinary dividend of 206 million euros for the three family members; almost 70 million for each of them. Additionally, income from other economic activities, such as real estate, must be taken into account. In theory, magistrate Raquel Nieto, who is investigating the judicial case, could also issue precautionary measures on that estate. Thus, Jonathan’s estate would approach 3 billion, although the inheritance tax payment must be deducted.
Who would then be, in the hypothesis of a conviction, the recipient of that part of the inheritance? Jonathan’s son, born just a year ago. The legislation states that the situation of unworthiness is “very personal and does not affect the children or descendants of the unworthy person who are called to the succession.” The manager of the assets would be his mother, Paula Nata, until the moment Isak Andic’s grandson reaches legal age.
Isak Andic’s will did not, logically, include clauses to address unforeseen situations like the current one, following the indictment for homicide of the deceased businessman’s son in December 2024. In it, Toni Ruiz, president of Mango and a 5% shareholder; Daniel López, vice president and director of expansion of the textile company; and José Crehueras, president of Planeta and a personal friend of the deceased, were named as executors. They were relieved of their duties by Andic’s children last April.
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There was also no indication in the will about the creation of a Foundation, a project that Andic had expressed on multiple occasions and had begun to plan, but which had not yet been created when he died. According to the order of the judge investigating the case against Jonathan Andic, that project was one of the causes of the son’s resentment against the father, which in her latest order is recorded as a “possible economic motive,” as well as the “obsession with money” and “emotional manipulation (…) over his father to achieve his economic goals,” referring to the action attributed to him.
The hypothetical retroaction would not affect control of Mango, the flagship of the inheritance
The Andic family’s estate is centralized in the holding company Punta Na, chaired by Jonathan Andic, which oversees all other activities, including Mango, the flagship. The two Andic sisters also hold positions in the holding company.
One level below is the company Mango holding, SAU, which directly holds the family’s 95% stake in the textile company. The remaining 5% is in the hands of Toni Ruiz, Mango’s CEO, while Jonathan is the vice president. Despite the fact that the family owns an overwhelming majority of Mango’s capital, Ruiz is the strongman in management. This was the scheme designed by the deceased, who considered Ruiz a partner and the chosen one to lead the company founded in 1984. And this was conveyed to the executors, all closely related to the deceased, who in turn passed it on to the heirs.
Thus, Mango’s model is that of shareholder owners detached from direct management, except in the partial case of Ruiz, who has a stake, although certainly very minor and therefore without the capacity to impose major strategic decisions related to capital. In the event of affecting Jonathan’s inheritance, the majorities of the two sisters would continue to ensure the governance of the Catalan company.
Another group company is Punta NA SAU, which in this case concentrates real estate activity, often derived from ownership of Mango’s main stores in major world capitals.
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