Billionaire slipped and fell from a 150-metre cliff while hiking with relatives near Barcelona, according to reports

Isak Andic, the founder of high street fashion chain Mango, has died after a hiking accident in Spain on Saturday, the company said.

The 71-year-old billionaire slipped and fell from a 150-metre cliff while hiking with relatives in the Montserrat caves near Barcelona, according to local media reports.