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.

Tags: stock hit takes owner

Category:Consumer Goods and Services

Latest from this category

All news
22.11Spain fines budget airlines including Ryanair 179m
22.11Formulating Biphasic and Triphasic Products
22.11Gatwick terminal evacuated due to security risk
22.1168% of US households have a smart TV, 46% have a streaming media player
22.11Reliance and Disney complete India JV transaction
22.11HbbTV Association appoints Service List Registry
22.11ocilion brings Prime Video and YouTube to its IPTV platform
22.11WISI's Inca IP Video Platform supports A3SA-protected content
Consumer Goods and Services »
22.11Spain fines budget airlines including Ryanair 179m
22.11Eastern North Pacific Tropical Weather Outlook
22.11Atlantic Tropical Weather Outlook
22.11Rush PANTS
22.11SBS
22.11/
22.11 YOU
22.11
More »