Acquisition

Associated British Foods PLC 20 September 2000 Further Store Acquisitions for Primark. Associated British Foods, the international food, ingredients and retail group, announced today (Tuesday 19 September) the acquisition of six stores by its Primark retail business. The stores were previously part of the C&A group and are located in Harrow, Huddersfield, Lewisham, Newcastle, Sheffield and Woking. The addition of these stores will increase Primark's retail selling space by 150,000 square feet and Newcastle will become the group's largest at 50,000 square feet. Primark has experienced strong growth in recent years and has pursued an active programme of new store openings. This further expansion follows the acquisition last year of ten stores from the Co-op including the flagship Reading store and will take Primark to a total of 103 stores employing over 7000 staff. Commenting on the announcement, ABF chief executive, Peter Jackson said, 'These six new stores are located in prime town centre sites, where Primark was previously unrepresented. They are an important addition to its store portfolio and development programme.' For more information, please call: John Bason - Finance Director Tel: +44 (0) 207 589 6363
UK 100

Latest directors dealings