Associated British Foods news and archive

Primark posts 4 percent sales rise, maintains full year profit outlook

For the first quarter to January 5, 2019, sales at Primark, part of the Associated British Foods, were 4 percent ahead of last year, at both constant currency and actual exchange rates. The company said in a statement that with a higher operating profit margin, profit was well ahead and that sales growth was driven by increased retail selling...

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Despite 'Challenging' November, Primark expects to meet profit target

At the annual general meeting of Associated British Foods plc (ABF) its Chairman, Michael McLintock, said that during November, trading at Primark was challenging. McLintock said in a statement: "During November Primark trading was challenging, in a tough retail market, but with careful inventory management and improved margins, our expectation...

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Primark sales up, expects to report increase in full year profit

For the 40 weeks to June 23, 2018, sales at Primark, a part of Associated British Foods, the company said, were 6 percent ahead of last year at constant currency and 7 percent ahead at actual exchange rates, driven by increased retail selling space. For the full year, the group expects increased profit from Primark driven by higher margins. The...

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Michael McLintock named the new Chairman of Primark owner

Associated British Foods plc, parent company of Primark has announced that its Chairman Charles Sinclair will retire from the board on April 11, 2018. Michael McLintock, the company added, an independent non-executive director of the company since November 1, 2017, will succeed Sinclair as Chairman of the company and as chairman of the...