• Text size
  • Send this article to a friend
  • Print this article

AB Foods tastes success with ‘exceptional’ Primark boom

Budget retail chain Primark has defied the bleak high street conditions to report an 8% rise in annual profits.

The retailer, which is part of grocery business Associated British Foods, grew sales by 20% to £2.3bn in the year to September 12, after opening 12 new stores and improving revenues on a like-for-like basis by 7%.