Primark’s uneven growth underscores case for ABF split
As sugar division woes drive share price, the hope is that separation will allow each business be judged on its merits
Primark
Markets take a breather amid concerns over increase in Fed rates
DCC shares fall after Fidelity come out against takeover deal
Penneys owner AB Foods expects lower profit as trading conditions deteriorate
Duration and severity of Middle East conflict has impacted European profit outlook for sugar business
Primark spin-off plan looks threadbare without proper online retail strategy
Discount chain to face tough competition in UK from rival with strong internet presence
Primark split marks end of AB Foods odd marriage
Demerger will create two FTSE 100 businesses and allow sharper focus in challenging market climate for clothing group
Can Primark thrive as a stand-alone business?
Fast fashion retailer will be spun out from its ABF parent next year and listed on the London stock market
Shares mixed as traders assess fragile US-Iran truce
Iseq down 1% as Ryanair declines on rising oil prices
Primark and Penneys to be spun out from listed parent Associated British Foods
Dublin-based fast fashion retailer is known as Penneys in Irish market and Primark in other countries
Primark chief Eoin Tonge: ‘I want to bring Penneys back to what Penneys was’
Dubliner runs a business that spans from Dublin to the Middle East and the US, with 85% of its products selling for under a tenner
Irishman Eoin Tonge appointed chief executive of Primark
Paul Marchant resigned in March last year following an investigation into alleged inappropriate behaviour towards a woman
Penneys ends partnership with WornWell second-hand clothes outlet
Concession opened in two Dublin stores in 2023 but closed in recent weeks
Primark’s Christmas quarter sales fell 2.7%
Parent company Associated British Foods issued a profit warning earlier this month
Penneys’ owners have bigger priorities than stock market spin-out
Retailer has been outflanked by rivals even as consumers decide to adopt a more cautious approach to spending
‘Made in Bangladesh’: the reality of a garment industry that fills Ireland’s shops
Bangladesh is one of the biggest exporters of garments - Ireland’s shops are filled with products of its labour
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