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Growth at AB Foods' Primark fashion chain and grocery businesses more than offset lower sugar profits during the year

Primark owner AB Foods' confident outlook boosts shares

Associated British Foods has forecast earnings growth in its new financial year, with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain.

Business • 05 Nov 19

Primark, which trades as Penneys here, said it does not have a commercial relationship with Amazon

Primark warns against buying its goods from 3rd parties

Retailer Penneys, which trades as Primark overseas, is warning consumers not to buy its goods from third parties online as they will end up paying more than in store.

Business • 16 Oct 19

Primark opened its first US store in Boston in 2015

Primark considers Central American suppliers

Confident it can crack the $300 billion US clothing and shoes market where many other foreign retailers have failed, Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.

Business • 23 Sep 19

Primarkaccounts for about half of Associated British Foods' revenue and profits

AB Foods expects reduced Primark margins in 2019-20

Associated British Foods has today warned that profit margins at its Primark fashion business will fall in its new financial year as a weaker pound pushes up import costs.

Business • 09 Sep 19

The Karen Millen and Coast brands will live on in digital form after the online fashion group, BooHoo, agreed to buy their web operations

Where will fashion retailers find success?

Have you ever bought a dress in Karen Millen or Coast for a wedding? The stores were a popular destination to buy a new gúna ahead of a special occasion, so it came as a surprise to lots of fans of the fashion brands when the Irish stores entered provisional liquidation last week.

Business • 12 Aug 19

Penneys founder Arthur Ryan died earlier this week at the age of 83 following a short illness

Penneys staff form guard of honour for founder Ryan

The funeral procession of Penneys founder Arthur Ryan has taken place, with the cortege passing by the clothing chain's first store in Dublin city centre.

Ireland • 13 Jul 19

Arthur Ryan founded the first Penneys on Mary Street in Dublin

Penneys founder Arthur Ryan dies aged 83

The founder of Irish clothing chain Penneys, Arthur Ryan, has died at the age of 83 after a short illness.

Business • 08 Jul 19

Primark, which trades as Penneys here, accounts for about half of AB Foods's group revenue and profit.

Primark sales dented by poor May weather - AB Foods

Cold and rainy weather hit sales at Primark in May but the fashion retailer's profit margins are still growing, its parent Associated British Foods said today.

Business • 04 Jul 19

Penneys opened its first store on Mary Street in Dublin in 1969 and still operates its international HQ above the shop

Penneys marking 50 years of business

Retailer Penneys is marking 50 years of business today.

Business • 01 Jul 19

The Primark store was engulfed in flames last August

Cause of Belfast Primark fire 'accidental'

The huge blaze that destroyed Belfast's landmark Primark store was started accidentally, investigators have confirmed.

Ulster • 20 Jun 19

Primark's profit increased 25% in the six months to March 2

Primark cushions AB Foods as sugar earnings dissolve

Associated British Foods has today reported flat first-half earnings, reflecting a near wiping out of profit from its sugar operation that was offset by growth in its other businesses.

Business • 24 Apr 19

Primark has 365 stores across 11 countries

Primark to move 220 positions from UK to Dublin

Primark, the owner of the Penneys chain, is to transfer 220 roles to Dublin from its UK office in Reading by September.

Business • 07 Mar 19

AB Foods said that Primark's first-half sales were expected to be up 4% for the full 2018-2019 fiscal year

'Unbelievable' hard Brexit is on table - AB Foods

It is "unbelievable" the British government is contemplating leaving the European Union next month without a deal to smooth its exit, the finance chief of Associated British Foods, said today.

Business • 25 Feb 19

A spokesperson for the company said an investigation has already been carried out at the factory where the socks are made

Inquiry under way as human bone found in Primark sock

Police in the UK are investigating the discovery of a human bone in a pair of socks bought from a Primark store.

UK • 25 Jan 19

Primark owner AB Foods has reported revenue growth in the Christmas quarter in all of its businesses apart from sugar

Primark owner AB Foods says no-deal Brexit 'reckless'

Leaving the European Union at the end of March without a deal would be "reckless" for Britain, the finance chief of Primark owner Associated British Foods said today.

Business • 17 Jan 19

Most retailers have expanded their traditional summer and new year sales to year-round promotions

No Christmas cheer for fashion firms

Clothing retailers have felt a pre-Christmas chill slicing through their margins as they try to lure shoppers to spend rather than hold off in anticipation of ever-bigger price cuts.

Business • 19 Dec 18

Primark store reopens after Belfast city centre fire

More than 1,000 shoppers queued for the opening of a new Primark store in Belfast this morning, three months after a major fire destroyed the original flagship store in the city.

Ulster • 08 Dec 18

Trading at tje Primark fashion chain was 'challenging' in November

AB Foods says Primark trading 'challenging' in November

Associated British Foods blamed a fall in shopper numbers and unseasonably warm weather for negative underlying sales at its Primark fashion chain in November, sending its shares lower.

Business • 07 Dec 18

Associated British Foods owns Primark, which trades as Pennys here

AB Foods to expand Primark in US and eastern Europe

Associated British Foods plans to open more of its Primark stores in the US and eastern Europe after strong growth at the fashion chain boosted full-year group profit.

Business • 06 Nov 18

The blaze which gutted Primark's Bank Buildings site has caused major disruption in the area

Primark to donate £500,000 to help city centre traders

Primark is to donate £500,000 to efforts to support Belfast traders hit by the devastating fire at its landmark city centre store.

Primark • 18 Sep 18

AB Foods said sales at Primark for the year were expected to be 5.5% ahead of the previous year at constant currency

Primark-owner warns of volatile pound as Brexit nears

Uncertainty over Brexit and its impact on the pound is making it hard to predict the future profitability of Primark, the owner of the discount fashion chain has warned.

Business • 10 Sep 18

The front section of the building was destroyed by the fire which broke out on 28 August

Primark to pay staff at Belfast store until end of year

Primark will continue to pay workers from its Belfast store until 31 December, after the site was devastated by fire last month.

Ulster • 07 Sep 18

The fire ripped through the historic Bank Buildings last week

Fire-hit store staff to be paid until end of next week

Primark bosses have confirmed that staff at its Belfast store will be paid until the end of next week following a fire that destroyed the famous building.

Ulster • 04 Sep 18