Half Year Results 

ABF writes down Primark stock

ABF writes down Primark stock

Associated British Foods (ABF) “has been squarely in the path of this pandemic”, says chief executive George Weston. That is no exaggeration. As previously announced, the last of the group’s Primark stores closed on 22 March. The high-street retailer does not offer online shopping, meaning that all of its sales – amounting to £650m per month – have ceased entirely.

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