Clothing & Shoes

Primark to repay furlough relief despite seeing HY profits halve

While overall sales at ABF fell by 17% to £6.3bn, this was partially offset by the “record high” sales recorded for Primark in its first week of reopening on 12 April 2021

The owner of Primark, Associated British Foods (ABF), has revealed that it intends to repay £121m in relief repayment, despite profits falling 50% to £319m for the 24 weeks ended 27 February 2021.

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