AB Foods announces demerger of Primark fashion chain
AB Foods will demerge Primark from its food units to create two listed companies. The move follows a review to better value the fashion and grocery divisions.
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The diversified group ASSOCIATED BRITISH FOODS PLC has announced a plan to demerge its Primark fashion retail chain from its core food operations. This decision follows a structural review aimed at enhancing shareholder value. Following the separation, investors will hold shares in two separate listed companies.
