Primark Splitting From Food Biz | Dublin News

Primark’s parent company, Associated British Foods, is moving forward with its plan to split into two separate firms before the end of 2027, giving shareholders stakes in both fashion and food businesses. Despite global headwinds and a slight dip in like-for-like sales, Primark saw a 3% sales boost in Q3, fueled by strong performance in the UK and Ireland, a rebound in June weather, and booming growth in the US—with a 16% sales surge thanks to new stores, including its first in Manhattan. Women’s wear and digital initiatives like its UK shopping app are driving momentum, while ABF remains confident in its full-year profit margin forecast. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/df22185802f13d86