Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Business
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
    • ICAS Talk
    • Warwick Business School
    • The University of Bath
    • AON
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • Schroders Talk
    • IG Talk
    • M&A Talk
  • Crypto A.M.
    • Crypto News
    • CoinCorner Talk
    • Crypto Magazine
  • Opinion
    • Features
    • Letters
    • The City View
  • Jobs and Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Doceo
    • The Business Guide
    • 10 ways to run a more efficient business
    • Finance & Legal
  • Unwind
    • Life & Style
    • Sport
    • The Punter
    • LIV Golf
    • Travel
    • Sport Business
    • The Punter Podcast
    • Aramco Team Series
    • Culture
    • Queen’s Award 2022
    • Green Economy
    • The Magazine
    • The DiverCity Podcast
  • Charity
    • Giving
    • World’s biggest donors 2010 – 2021
  • Latest Paper
  • Jobs

Associated British Foods

  • Primark owner poaches Marks & Spencer director for top finance job

    NEW JOB

    Primark owner Associated British Foods has nabbed Marks & Spencer’s CFO Eoin Tonge for its top finance job. Associated British Foods said that its current finance director John Bason will step down from the board, with Tonge stepping into his shoes no later than February 2023. Tonge also holds the position of chief strategy officer [...]

  • The power of summer: Primark sales inch above pre-pandemic levels

    primark sales

    The owner of Primark has put recovering sales down to the power of summer, tourism and the march back to the office. Associate British Foods (ABF), which owns sugar ad agriculture businesses alongside the budget retailer, said sales over the past six months were four per cent higher than pre-pandemic levels, though they remain around [...]

  • Primark to introduce ‘selective’ price increases to offset pressures

    PRIMARK PRICES

    The owner of Primark has said it will be forced to raise prices on “selective” products in its autumn/winter ranges and issued a margin outlook warning. Associated British Foods (ABF) said its half-year sales and operating profit for the group returned to pre-Covid levels, in interim results for the 24 weeks ended 5 March 2022. [...]

  • Primark launches ‘virtual shop window’ but shoppers still can’t buy clothes online

    April 7, 2022

    Primark has launched a new website – but shoppers still can’t buy anything online.  The budget fashion retailer said its new site is a “virtual shop window,” and will allow customers to look at product information and check whether an item is in stock at their local shop.  The high street name has stood out [...]

  • ABF pins ‘lower than expected sales’ at Primark on summer pingdemic

    September 13, 2021

    Sales at Primark, a subsidiary of Associated British Foods, have dipped below expectations in the last year, as Gen Z shoppers move away from fast fashion brands. In its pre-close trading update for the full year to 18 September, Associated British Foods (ABF) said: “We have seen a significant improvement in trading as the period [...]

  • I’m not leaving this sofa: Takeaway orders soar during England goal-feast

    July 6, 2021

    Football fans made over one million orders on JustEat over the course of Saturday evening as England waltzed past Ukraine in Rome. The match kicking off in the primetime slot of 8pm on a balmy Saturday evening encouraged 2,500 orders being placed per minute. The most popular order was burgers, followed by pizza. While the [...]

  • Primark lifts profit forecast after store reopenings boost sales

    July 1, 2021

    Primark has hiked its profit forecast for the full year after the easing of lockdown restrictions drove a sharp rise in sales for the third quarter. Parent company Associated British Foods (ABF) said profit at the budget fashion chain would be roughly in line with last year — up from previous guidance of “somewhat lower”. [...]

  • Branston pickle, Cadbury flake and crumpets among top five UK exports expats craved during pandemic

    March 11, 2021

    Demand for UK food from exporter British Corner Shop surges in US amid revenue rise by 150 per cent

  • Primark owner takes £1.5bn sales hit from lockdown restrictions

    February 25, 2021

    Primark owner Associated British Foods (ABF) this morning warned lockdown store closures would take £1.1bn off first half sales

  • Primark expects £1bn sales hit due to lockdown store closures

    January 14, 2021

    Associated British Foods (ABF), the owner of Primark, said the closure of the budget fashion chain’s stores had cost the company £540m in lost sales so far, warning the total could reach £1bn due to ongoing restrictions.   ABF said the loss of sales due to temporary store closures will cost the firm £1.05bn if they [...]

Posts navigation

  • Page 1
  • Page 2
  • Page 3
  • Page 4
  • Next

Trending Articles

  • Leaked recording reveals Liz Truss saying UK workers lack 'skill and application', need more 'graft'

  • Crypto.com granted FCA licence to operate in UK

  • Bank of England to launch another jumbo rate hike to tame over 10 per cent inflation

  • Brexit: UK launches 'formal dispute' against EU over Horizon delay

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2019

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2022 City A.M. Limited

Your news your way

Subscribe to get the essential daily news updates from City A.M's top stories to your inbox.

By signing up to our newsletters you agree to the Terms and Conditions and Privacy Policy.