Primark owner ABF could split fashion business from food division

Parent company announces drop in sales and profits as its sugar and agriculture arms face higher costsBusiness live – latest updatesThe owner of Primark is considering splitting the fashion retailer from its food division, which contains Twinings and Kingsmill, amid a “challenging external backdrop”.Associated British Foods (ABF) said it was considering splitting off Primark from its food arm, which includes sugar production and grocery brands, “with a view to maximising long-term value”. Continue reading...