Associated British Foods (LSE:ABF) is cutting Primark prices up to 29% across hundreds of garments in 19 markets to spur sales ahead of a planned demerger, even as its British Sugar arm will close the Cantley beet factory next February due to low prices, high energy costs and shrinking volumes.
Previous Week Recap
- Primark Price Cuts Across Markets: Associated British Foods’ Primark cuts prices up to 29% on hundreds of top womenswear, menswear and kidswear items across 19 markets; move aimed at boosting sales ahead of Primark demerger.
- British Sugar Cantley Factory Closure: Associated British Foods (ABF): British Sugar will close Cantley beet factory next February, citing low prices, high energy costs and declining volumes; remaining factories will meet northern supply.
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