ABF Splits Food and Primark Businesses into Two FTSE-Listed Companies
Associated British Foods (ABF.L) is splitting its food and Primark retail businesses into two separate FTSE-listed companies, expected to be completed by the end of 2027. The move aims to create ABF FoodCo, a pure-play food producer, and separate Primark, which will allow ABF to focus on its food assets. The announcement comes amid declining sales and operating profits in the first half of the financial year.
Topics: ABF FoodCo corporate restructuring FTSE-listed companies Primark spin-off