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Associated British Foods (ABF) said on April 21, 2026 it will separate its Primark fashion chain from its food operations in a planned demerger intended to be completed by the end of 2027.
Primark, which operates 486 stores across 19 markets and generates around ÂŁ9.5 billion of annual revenue while contributing more than half of group profit, will be listed separately alongside the remaining food business that owns Twinings, Ryvita, Kingsmill and sugar and ingredients units.
The Weston familyâs Wittington Investments will retain majority stakes in both companies.
ABF flagged one-off separation and transaction costs of about ÂŁ75 million and estimated the loss of synergies at below ÂŁ45 million.
The group reported weaker first-half results, with adjusted pre-tax profit down 19% to ÂŁ663 million, and said Primark had seen softer trading in April amid consumer caution tied to the Middle East conflict.
ABFâs market value has slid over the past year to about ÂŁ13.3 billion, and management said distinct listings should sharpen investor understanding and value of each business.







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