ABF wholly owns Primark

Consumer goods giant ABF is considering selling off fashion brand Primark as it undertakes a ‘comprehensive review’ of the business .

ABF, which founded Primark – then known as Pennies – in Dublin in 1969, said that “no decision” has been taken yet.

The strategic review will be carried out with the help of the advisory firm Rothschild & Co, with the backing of its largest shareholder, the Weston family’s Wittington Investments.

The FTSE 100 company said the family, which owns 59 per cent of ABF, remained “committed to maintaining majority ownership of both businesses”.

Primark has faced pressure from low consumer spending, inflation and energy costs in recent years, with a 3.5 per cent drop in like-for-like sales in 2025.

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