Primark

Penney's Owner AB Foods’ Top Executives Take Voluntary Pay Cut

Associated British Foods has announced that its chief executive officer George Weston and finance director John Bason have opted for a 50% reduct...

Penneys Pays 5,000 Staff 80% Of Salary While Stores Remain Shut

Penneys has said that it will pay its 5,000 retail employees in Ireland 80% of their salaries for the next month, at which stage it will review again....

Penneys Owner Issues Trading Update Due To Covid-19 Closures

Associated British Foods plc has issued an update on trading in its Primark & Penneys stores, further to the update issued on 16 March 2020, as a '...

Penneys Owner Closes 74 Stores In Italy, France, Spain, Austria On Virus Fears

Associated British Foods has been forced to close 74 Primark fashion stores in continental Europe due to government measures to combat coronavirus, while s...

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...

AB Foods Forecasts Earnings Growth In 2019-20 Year

Associated British Foods has kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supple...

AB Foods Earnings Up 2% On Strong Primark, Grocery Demand

Associated British Foods reported a 2% rise in annual earnings on Tuesday, with growth at its Primark fashion chain and grocery businesses more than offset...