AB Foods

AB Foods Expects Primark To Bounce Back

Associated British Foods forecast a significant increase in sales and profit at its Primark fashion chain.

UK's Primark Owner Warns Of £1.1bn Lockdown Hit To Sales

Associated British Foods warned on Thursday it expected to lose sales worth £1.1 billion ($1.6 billion) from the lockdown of its stores at fast-fashi...

AB Foods Earnings Fall 40% On Primark's COVID-19 Hit

Associated British Foods has reported a 40% fall in full-year earnings, with a COVID-19 related hit to profit at its Primark clothing business outweig...

Primark Rejects £30m UK Bonus For Bringing Back Staff

Primark, the fashion retailer owned by AB Foods, said on Sunday it would not take advantage of a British government scheme to pay employers for bringing ba...

Encouraged By Europe, Primark To Reopen England Stores On 15 June

Fashion retailer Primark plans to reopen all 153 of its stores in England on 15 June as coronavirus restrictions are eased, encouraged by Europea...

Penneys Puts Dundrum Town Centre Expansion Plans On Hold

Penneys has but its expansion plans in the Dundrum Town Centre on hold until further notice, due to the virus pandemic. “In light of the curre...

No Need To Be So Gloomy About UK Consumer, Says Primark Boss

British retailers are being too gloomy about the consumer outlook because the fundamentals of the UK economy are still sound, the finance chief of Primark...

AB Foods Keeps Earnings Guidance After Primark's Solid Christmas

Associated British Foods kept its full year earnings outlook on Thursday, partly due to solid revenue growth at its Primark fashion chain in the key Christ...