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The Latest Breaking News from George Weston

Primark to break free from parent company in bid to boost sales

Sales remain strong at the fashion chain but it has faces pressure from online rivals such as Shien and Temu

The Independent UK

Primark to split from food business despite warning of Iran war impact

ABF, which owns Kingsmill, Twinings and Patak’s, to demerge fashion chain to maximise shareholder returns

The Guardian - UK

Primark owner ABF reveals plan to spin off high street fashion chain

Associated British Foods, which also owns grocery brands including Twinings and Hovis, said it expects to separate Primark by the end of 2027.

Evening Standard

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ABF poised to reveal result of Primark and food business demerger plan

Retail analysts say breaking up food and fashion group would make sense in challenging business environment

The Guardian - UK

Primark appoints new permanent boss as parent firm reviews spin-off

Eoin Tonge has been named permanent boss of Primark after predecessor Paul Marchant resigned over an allegation of inappropriate behaviour last year.

Evening Standard

Primark names former Marks and Spencer chief as permanent CEO amid potential demerger

Owner Associated British Foods (ABF) is also considering a potential demerger of the popular retail chain

The Independent UK

Primark owner warns over profits after disappointing festive sales

The figures come amid a group-wide review at Associated British Foods that could see Primark spun off with a separate stock market listing.

Evening Standard

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Primark warns of lower profits after Christmas sales failed to deliver

Primark’s disappointing Christmas comes after the departure of its long standing boss Paul Marchant in March

Evening Standard

Primark owner ponders spin-off and separate listing in possible boost to City

Chief executive George Weston said the outcome of the review could mean spinning off Primark as a separately-listed entity in the UK.

Evening Standard

Primark owner’s boss urges Reeves not to hit shoppers with budget tax rises

George Weston tells chancellor to ‘tax rich folks instead’ as ABF says it could split fashion chain from food arm

The Guardian - UK

Retailer says larger stores to come under pressure from rate changes

IN FULL

The Independent UK

Primark owner delivers warning to Rachel Reeves over ‘mistaken’ rate changes

Chancellor Rachel Reeves faces the daunting task of boosting Treasury revenues to address a potential £40 billion deficit in state finances

The Independent UK

Primark owner says larger stores to come under pressure from rates changes

George Weston said the Government ‘should not increase taxes on businesses any more’ in November.

Evening Standard

Primark boss issues stark warning to Reeves over Budget

George Weston urged the chancellor not to give consumer confidence another ‘great whack’ in November

The Independent UK

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The Guardian - UK

Primark owner’s boss warns Reeves not to give consumer sentiment ‘another great whack’ in budget

George Weston, CEO at ABF, also said food price inflation had peaked and would now start to ease

The Independent UK

Rich List 2025: The UK’s wealthiest billionaires revealed

The billionaire Hinduja family has retained their position at the top spot for the fourth year running

Evening Standard

Rich List 2025: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, were Britain’s richest in 2025.

Fortune

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

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The Independent UK

Primark says it is not raising prices despite tax and wage cost hikes

It came as parent firm Associated British Foods said it saw ‘weaker sales’ across the budget fashion chain’s UK and Ireland stores.

Euronews

Primark boss steps down over inappropriate behaviour allegation

Paul Marchant “acknowledged his error of judgement”, said Primark owner Associated British Foods on Monday.

The Guardian - UK

Hard-pressed shoppers will benefit as retailers carry ‘weight’ of UK tax rises, says Primark owner

ABF boss George Weston says budget is positive for ‘the least affluent’ but will cost firm ‘tens of millions’ of pounds

Evening Standard

Primark boss says weight of Budget tax rises ‘falling on high street’

George Weston, the chief executive of Primark owner Associated British Foods, said it was preparing for a big jump in business costs.

The Independent UK

Rich List 2024: Who are the wealthiest people in the UK?

Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, have been named as Britain’s richest.

The Guardian - UK

Kingsmill owner warns of price rises due to ‘very small’ expected harvests in UK

ABF, which also owns Dorset Cereals, says it is not yet planning rises but it may need to import ‘quite a lot’ of grain

Evening Standard

Primark booms as Rita Ora deal pays off

Inflation has all but gone, says Primark boss

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