Primark to split from food business despite warning of Iran war impact
ABF to demerge fashion chain from firm that owns Kingsmill, Twinings and Patak’s, plus a sugar company
https://www.theguardian.com/business/live/2026/apr/21/wage-growth-level-unemployment-rate-falls-iran-war-business-latest-news-updates">Business live – latest updates
Primark is to break free from its sister food company which owns Twinings, Kingsmill and Patak’s next year despite warning that the conflict in the Middle East was likely to hit consumer spending.
The fashion chain’s owner, Associated British Foods (ABF), confirmed the plan to demerge Primark from the rest of the group, first mooted last year.
https://www.theguardian.com/business/2026/apr/21/primark-split-food-business-abf-fashion-chain">Continue reading...- Primark to break free from parent company in bid to boost sales The Independent —
- AB Foods to split Primark from its food businesses Reuters —
- Primark owner reveals plan to spin off high street fashion chain Liverpool Echo —
- Primark owner ABF reveals plan to split high street fashion chain from its food businesses Irish Independent —
- Primark owner ABF reveals plan to spin off high street fashion chain The Standard —