Primark to Become a Stand-alone Retail Company After Separating from ABF in 2027
Associated British Foods (ABF) has confirmed plans to separate its foods business from Primark, with the demerger expected to take place in 2027. The move is anticipated to make investing in each business more transparent for shareholders, though the share price dropped nearly 3% following the announcement. Both Primark and the new food company, FoodCo, are expected to be listed on the London Stock Exchange and potentially included in the FTSE 100.
Topics: ABF corporate restructuring demerger Primark stock market