New York - The giant of affordable fashion has presented its quarterly results for the period spanning the 16 weeks ended on January, 5. The figures, which include Christmas sales, reflect an increase of 4 percent. The market has received the news with joy, sending the shares of Associated British Foods (ABF), the parent company of Primark, up...
Jan 17, 2019
Increasing costs related to the import of raw materials and manufacturing are starting to have a tangible effect on Primark’s unstoppable growth. In fact, the apparel’s arm of Associated British Foods (ABF) is seeing how its margins get tighter by the day, causing no little concern to the executive team and its shareholders. Import costs have...
Feb 28, 2017
London - Primark's Group director of New Markets and Business Development Breege O'Donoghue is set to step down from her role and retire from the company this year, after serving 37 years. O'Donoghue will step down from her position on Primark's executive board at the end of its financial year in September. However, she will continue to...
Jun 15, 2016
ANALYSIS_ Associate British Foods (ABF), parent company of Primark reported a 6 percent rise for its full year earnings, which was bolstered by another “magnificent year” for the value fashion retailer resulting in a 30 percent profitincrease at constant currency. Overall sales for Primark rose 17 percent ahead of last year at constant currency,...
Nov 4, 2014
Value fashion retailer Primark is set to open its first stores in the north east of the US by the end of 2015, as the retailer continues to expand into new countries. In a press statement released earlier this morning, parent company Associated British Foods (ABF) stated that “after extensive research, it has been decided to take [Primark's]...
Apr 23, 2014