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Lockdown, Lack of E-Commerce Send Primark Losses Spiraling

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

Primark parent Associated British Foods plc on Thursday provided a loss estimate for the 16-week period including November and December, but said losses through the end of the fiscal half year will escalate as lockdowns shutter stores. ABF gauges the financial fallout at 540 million pounds ($736.1 million). With temporary stores closures expected to continue…

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