Home › Primark owner takes GBP284m unsold stock hit
 

Keywords :   


Primark owner takes GBP284m unsold stock hit

2020-04-21 13:35:00| Daily apparel & textile news and comment - from just-style.com

Primark-owner, Associated British Foods (ABF) has�written down the value of its clothing stock by GBP284m (US$349.3m) as the fashion retailer has gone from�making sales of GBP650m�each month to nothing following the closure of all stores in March�amid the Covid-19 pandemic. [ more ]

Tags: stock hit takes owner

Category:Consumer Goods and Services

Latest from this category

All news
21.03'Chubby filter' pulled from TikTok after user backlash
21.03Uber offers 20 hours of free childcare in bid to lure female drivers
21.03Heathrow substation fire: What went wrong?
21.03Heathrow closure: What are my rights?
21.03Broadcasters fined 4m for freelance pay collusion
21.03Broadcasters fined 4m for freelance pay collusion
21.03Government borrowing higher than expected as pressure builds on Reeves
21.03Heathrow Airport closes all day over power outage
Consumer Goods and Services »
22.03FFA Chapter Tribute: Windsor Leighty
22.03FFA Chapter Tribute: Windsor Leighty
21.03AkzoNobel Vehicle Refinish North America Announces Strategic Collaboration with Collision Vision
21.03BQA, CBA programs offer valuable contributions to beef industry
21.03Improving ROI and carcass value of finishing cattle
21.03What are pork producers hoping to achieve in D.C. in 2025?
21.03PPG Participates in Global Recycling Day Event to support recycling efforts of Pittsburgh school
21.03Corn Belt to continue to experience chilly conditions
More »