Mango restructures internal powers one day before Jonathan Andic's arrest
Mango reorganised its representation powers and reinforced internal controls on 4 May, registered on 18 May, the eve of Jonathan Andic's arrest over the death of his father.
Changes in Mango's powers of attorney, registered on the eve of Jonathan Andic's arrest
Fashion firm Mango carried out a broad reorganisation of its internal powers and signing systems, according to a report published on Monday by La Vanguardia based on information from the Official Gazette of the Commercial Register (BORME). The changes were signed before a notary and submitted to the register on 4 May 2026, with final registration on 18 May, one day before Jonathan Andic was arrested as an investigee into the death of his father and company founder, Isak Andic.
The moves are technical and organisational in character. They modify the scope of the company's legal representation powers, centred on the figures of joint attorneys, a common practice in large multinationals to adapt their internal controls and regulatory compliance.
The adjustment mainly affects roles in the financial, tax and legal areas. Among the names appearing in the BORME is Mango's financial director, Margarita Salvans, a member of the board of directors who has accumulated increasing influence within the group. The changes also extend to those responsible for taxation, international subsidiaries, legal advice and labour relations.
One of the most significant aspects is the increase in the weight of joint signatures, those requiring joint authorisation from several executives to carry out certain operations. This model reduces individual capacity for action and is commonly used to strengthen internal supervision mechanisms, especially in companies with complex international structures.
Mango maintains that the changes respond to the evolution of its corporate governance, in line with the already known transformation of the company: the change in corporate name from Punto Fa, S.L. to Mango MNG, S.A., and the relocation of the registered office from C/Mercaders 9-11 to Vía Augusta 10, both in Palau-Solità i Plegamans. "The powers of attorney respond solely and exclusively to the need to update legal documentation to the new corporate reality of the company," company sources state.
Mango is present in more than 120 markets and is in the midst of an expansion process, with the aim of reaching four billion euros in sales in the current financial year. The target coincides with one of the moments of greatest media exposure and reputational pressure on the firm.
The homicide case against Jonathan Andic has also focused attention on the governance of the company chaired by Toni Ruiz. Isak Andic's eldest son is co-owner of Mango alongside his sisters—Ruiz holds only 5 per cent of shares—and also serves as vice-president of the board of directors, a position he retains for the time being.
The arrest has caused consternation in the executive hierarchy, which is awaiting developments. In this new phase, Jonathan Andic's defence will make its case and attempt to dismantle the evidence gathered over months by the Mossos d'Esquadra, contained in an order by the judge in Martorell.
On the business front, efforts are concentrated on insulating the business against the impact of the legal proceedings. To date, Mango's sales have not suffered from the investigation into Isak Andic's death in December 2024: the company recorded record results of nearly 3,800 million euros in 2025 and profits of 242 million euros. During this period, organisational changes have accelerated in accordance with plans that Isak Andic himself had laid out during his lifetime. The company has completed its conversion from a limited company to a public limited company and has strengthened its board of directors with six independent directors, including Marc Puig, president of Puig.
Source: La Vanguardia