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Lockdowns Cost Primark Parent $573 Million

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Although month-long closures at Primark stores took a toll on its top line to the tune of an estimated 430 million pounds ($573 million), parent company Associated British Foods (ABF) foresees a positive 2021 on the horizon. ABF expects Primark sales and profit to be higher in the upcoming 2021 financial year compared to 2020,…

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