Associated British Food’s decision to de-merge Primark is less a bolt from the blue than an admission that the old structure had stopped making sense. Primark, a clothing retailer with stores around the globe,

Herald Square is about to get even busier. Primark is opening its first Manhattan store on May 8, taking over a four-floor flagship with roughly 54,000 square feet of selling space at 150 W. 34th St.,

The billionaire family behind Primark is to spin off the fashion chain from its food business, breaking up one of Britain’s biggest consumer conglomerates after 65 years.

It hardly inspires confidence when a company's share price falls sharply as it announces a demerger aimed at maximising shareholder value.

ABF plans to demerge Primark into a separate listing by 2027, aiming to unlock shareholder value with clearer investment cases, costs & peers—read more.

Primark to break free from parent company in bid to boost sales - “Strange bedfellows” to be split after pressure from investors

Associated British Foods reported an 18% decline in operating profit and said it was tracking a possible downturn in consumer spending