Spanish Police Keep Mango Founder Death Probe Open

(FILES) This handout image released by Mango on December 14, 2024 shows Mango fashion powerhouse non executive chairman and founder Isak Andic who died December 14, 2024. (Photo by HANDOUT / AFP)
(FILES) This handout image released by Mango on December 14, 2024 shows Mango fashion powerhouse non executive chairman and founder Isak Andic who died December 14, 2024. (Photo by HANDOUT / AFP)
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Spanish Police Keep Mango Founder Death Probe Open

(FILES) This handout image released by Mango on December 14, 2024 shows Mango fashion powerhouse non executive chairman and founder Isak Andic who died December 14, 2024. (Photo by HANDOUT / AFP)
(FILES) This handout image released by Mango on December 14, 2024 shows Mango fashion powerhouse non executive chairman and founder Isak Andic who died December 14, 2024. (Photo by HANDOUT / AFP)

Spanish police confirmed Friday that their probe into the sudden death last year of Mango clothing empire founder Isak Andic remains open following reports his son has become a suspect.

Andic, 71, died in December 2024 after plunging more than 100 meters (300 feet) while hiking with his eldest son Jonathan in the Montserrat mountains near Barcelona.

Police initially ruled the death accidental, but they are now investigating Jonathan for a possible homicide, El Pais daily reported late Thursday, citing "different sources with knowledge of the investigation.”

Jonathan, who was the only person with his father at the time of the incident, has provided "inconsistent" testimony in two declarations that has "fueled suspicion,” it said.

Contacted by AFP, Catalan regional police sources confirmed that an investigation is ongoing without giving further details because the case remains under judicial secrecy.

Barcelona-based daily La Vanguardia, also citing sources with knowledge of the investigation, said the investigating judge formally changed Jonathan's status from witness to suspect in late September and that police were combing through the contents of his mobile phone.

According to AFP, the newspapers said police also cited the testimony of Isak Andic's partner, professional golfer Estefania Knuth, who described strained relations between father and son.

The Andic family "is confident that this process will finish as soon as possible and that Jonathan Andic's innocence will be demonstrated", according to their spokespeople cited by El Pais.

Istanbul-born Isak Andic was one of Spain's richest people, with Forbes estimating his and his family's fortune at $4.5 billion.

Andic opened his first shop in Barcelona in 1984. His Mango brand quickly mushroomed across Spain and became one of the world's leading fashion groups.

The company offers both professional and casual styles and boasts a presence in more than 120 markets with more than 16,400 employees worldwide, according to its website.



H&M's Q1 Profit Grows More Than Expected, Sees March Sales Up 1%

FILE PHOTO: A Swedish flag hangs outside a business on a street of the old city of Stockholm, Sweden, February 24, 2024. REUTERS/Tom Little/File Photo
FILE PHOTO: A Swedish flag hangs outside a business on a street of the old city of Stockholm, Sweden, February 24, 2024. REUTERS/Tom Little/File Photo
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H&M's Q1 Profit Grows More Than Expected, Sees March Sales Up 1%

FILE PHOTO: A Swedish flag hangs outside a business on a street of the old city of Stockholm, Sweden, February 24, 2024. REUTERS/Tom Little/File Photo
FILE PHOTO: A Swedish flag hangs outside a business on a street of the old city of Stockholm, Sweden, February 24, 2024. REUTERS/Tom Little/File Photo

Swedish fashion retailer H&M reported on Thursday a slightly bigger rise than expected in December-February operating profit, and predicted March sales would be up 1% in local currencies.

"Towards the end of the quarter our well-received spring collections contributed to a positive sales trend, which also continued into March," CEO Daniel Erver said in a statement.

Operating profit in H&M's fiscal first quarter, ⁠which includes the key ⁠Christmas shopping period, rose for a third consecutive quarter to 1.51 billion crowns ($162 million) from a year-earlier 1.20 billion and a mean forecast in an LSEG poll of analysts of 1.39 billion, on an organic sales decrease of 1%.

The rival ⁠to Inditex in January flagged that local-currency sales in the first two months of the quarter were down 2%.

According to Reuters, H&M said it is closely monitoring developments in the Middle East and the implications for global trade.

"With good flexibility in the supply chain and a low proportion of air freight, there are opportunities to adapt the flow of goods to changed conditions," it said. "Middle Eastern markets account for a ⁠small portion ⁠of the company’s total sales and the markets are operated through franchise partners."

On February 28, the United States and Israel launched coordinated strikes against Iran. Iran has in response launched strikes against Israel, US bases and Gulf states.

It has attacked vessels and infrastructure throughout the Gulf region and effectively closed the Strait of Hormuz, hitting global supply chains and causing soaring energy costs, raising concern over war-driven inflation and potential impact on consumer demand.


Next Says UK Sales Have Held Up Since Iran War Started

Women tour a popular outdoor shopping mall in Beijing, China, Sunday, March 8, 2026. (AP Photo/Andy Wong)
Women tour a popular outdoor shopping mall in Beijing, China, Sunday, March 8, 2026. (AP Photo/Andy Wong)
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Next Says UK Sales Have Held Up Since Iran War Started

Women tour a popular outdoor shopping mall in Beijing, China, Sunday, March 8, 2026. (AP Photo/Andy Wong)
Women tour a popular outdoor shopping mall in Beijing, China, Sunday, March 8, 2026. (AP Photo/Andy Wong)

British clothing retailer Next has not seen a noticeable drop off in UK sales since the US-Israeli war on Iran started at the end of February, its boss said on Thursday.

"Eight weeks, ⁠including the war ⁠weeks, have been good in the UK," CEO Simon Wolfson told Reuters after Next published full-year ⁠results.

He said sales in the Middle East, which account for about 6% of the group's annual turnover, fell "dramatically" in the first few days of the war and demand remains "suppressed.”

Wolfson said if ⁠Next ⁠did have to raise prices around June or July to make up for higher costs caused by the war, the increases would only be 1% to 2%.


Primark to Open First Dubai Store

A woman speaks on her mobile phone as she browses a shop for new clothes ahead of the start of the Eid al-Fitr festival in Dubai on March 16, 2026. (Photo by AFP)
A woman speaks on her mobile phone as she browses a shop for new clothes ahead of the start of the Eid al-Fitr festival in Dubai on March 16, 2026. (Photo by AFP)
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Primark to Open First Dubai Store

A woman speaks on her mobile phone as she browses a shop for new clothes ahead of the start of the Eid al-Fitr festival in Dubai on March 16, 2026. (Photo by AFP)
A woman speaks on her mobile phone as she browses a shop for new clothes ahead of the start of the Eid al-Fitr festival in Dubai on March 16, 2026. (Photo by AFP)

Budget fashion retailer Primark has confirmed it will press ahead with opening its first Dubai store on Thursday despite the ongoing US-Israeli war with Iran, during which the emirate has been hit by Iranian missiles and drones.

Primark, owned by London-listed Associated British Foods, and its ⁠franchise partner Alshaya ⁠Group will open the store in Dubai Mall.

Primark and Alshaya plan to open two more stores in Dubai - at City Centre ⁠Mirdif in April and Mall of the Emirates in May.

Dubai's malls have seen a sharp fall in visitors since the Iran war began, reflecting a collapse in tourism.

Primark and Alshaya plan to open stores in Bahrain and Qatar by ⁠the ⁠end of the year.

Primark entered the Middle East with a store in Kuwait in October last year.

As of the end of January, Primark traded from about 475 stores in 18 countries across the UK, Europe, the Middle East and the US.