Financial Times (Free subscription) | 04/11/2009
Associated British Foods has warned that consumer confidence remains fragile, in spite of its better than expected profits and a surge in sales at its Primark discount...
The Irish Times (Free subscription) | 04/11/2009
Budget clothing chain Primark, which trades as Penneys here, accounted for 35 per cent of overall group profit at parent company Associated British Foods (ABF) the London-based company said in a statement yesterday.
Times Online (Free subscription) | 04/11/2009
Associated British Foods (ABF), the owner of Primark, has reported a 12 per cent rise in revenues to £9.3 billion this year as budget-conscious consumers across Europe flock to the discount stores.
The Telegraph (Free subscription) | 03/11/2009
Associated British Foods the company behind the Primark fashion chain and Kingsmill bread has warned that the scale and speed of the economic recovery remains uncertain.
The Guardian (Free subscription) | 03/11/2009
Primark may be driving profits at ABF, but its posh tea division Twinings is proving less resilient to the recession. Some 400 jobs are to be axed in the north east and Hampshire as Britons loses their taste for premium priced teas. All fall in demand for aromatic teas such as Lady Grey and Lemon Grove has led Twinings to announce plans to close its packaging sites at North Shields with the loss of...
The Guardian (Free subscription) | 03/11/2009
• Fashion retailer announces 20% increase in sales to £2.3bn • Anti-poverty charity criticises conditions of garment workers The war of words between anti-poverty campaigners and high-street fashion chain Primark has moved up a gear after the cheap-chic store group announced a big increase in sales and profits despite the recession. The fashion retailer, which is part of the Associated...
ireland.com (Free subscription) | 03/11/2009
Associated British Foods (ABF), the owner of Penneys clothing stores, today announced that annual profit was little changed after it lost money on business shutdowns.
Financial Times (Free subscription) | 03/11/2009
A growing taste for Ovaltine in Brazil, combined with the fast expansion of Primark stores, has boosted sales at Associated British Foods, mitigating the effects of the group's ill-timed entry into vegetable oil futures
BBC News (Free subscription) | 03/11/2009
Discount clothes shop Primark has enjoyed "exceptional" sales and profit growth, owner Associated British Foods says.
Market Watch (Free subscription) | 03/11/2009
LONDON (MarketWatch) -- Associated British Foods said Tuesday that its fiscal-year profit dipped 2% to 383 million pounds, from 391 million pounds last year. Revenue rose to 9.3 billion pounds, from 8.2 billion pounds. Adjusted to exclude business and asset sales and exceptional charges, profit before tax increased 4% to 655 million pounds. Sterling weakness had a favourable effect and sugar operations...
Reuters UK (Free subscription) | 03/11/2009
LONDON (Reuters) - Primark owner Associated British Foods beat forecasts with a 5 percent rise in full-year earnings on Tuesday driven by growth at its fashion chain and sugar sales and sees good profit and sales growth this year.
Liverpool Echo.co.uk (Free subscription) | 03/11/2009
BUDGET retail chain Primark today defied the bleak high street conditions to report an 8% rise in annual profits.
Financial Times (Free subscription) | 02/11/2009
The impact of unusually warm autumn weather on clothing retailers will be laid bare this week when Marks and Spencer, Next and Associated British Foods - owner of the...
The Independent (Free subscription) | 02/11/2009
The high street will come under the spotlight this week, as investors scrutinise updates from Next, Marks & Spencer and Primark-owner Associated British Foods.
The Observer (Free subscription) | 11/09/2009
Septuagenarian founder turned 'cheap chic' into £2bn sales Arthur Ryan, the septuagenarian founder of Primark, has relinquished his chief executive duties after a 40-year reign that saw him mastermind the creation of a retailing giant with sales of more than £2bn. Ryan, who started Primark in 1969, is staying on as chairman. Paul Marchant, the retailer's chief operating officer, who joined...
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