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
24.12American Airlines resumes flights after technical issue
24.12Morrisons customers still waiting for Christmas deliveries
24.12Brazil shuts BYD factory site over 'slavery' conditions
24.12Consultation launched over petrol car phase-out
23.12Honda and Nissan join forces to take on China in cars
23.12Honda and Nissan join forces to take on China in cars
23.12Cadbury loses royal warrant after 170 years
23.12Cadbury loses royal warrant after 170 years
Consumer Goods and Services »
25.12Corporate Transparency Act reporting requirements will return
24.12Registration Open for Cal Poly Polymers & Coatings Winter 2025 Short Course
24.12American Airlines resumes flights after technical issue
24.12Seaboard Foods, Oklahoma Pork Council partner to Give-A-Ham
24.12Extension needed to thoroughly review EPA air emission draft models
24.12Indiana Pork donates $5K in gift cards to support state's teachers
24.12Morrisons customers still waiting for Christmas deliveries
24.12Bacteria significantly reduces methane emissions in Danish pig farm study
More »