AB Foods warns of deeper sugar losses as Primark moves into home delivery
Associated British Foods ($ABF) outlined plans to introduce Primark home delivery in Great Britain while warning that its sugar business faces another difficult year. The retailer is investing £90 million in an automated Sheffield fulfillment facility. The delivery expansion accompanies preparations for Primark’s planned separation from the wider group, rather than an immediate change to its corporate ownership. The financial update was less positive. Primark’s fourth-quarter like-for-like sales
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