George Weston is in the news as ABF is reportedly splitting Primark from its food business, with Boparan touting progress on the split. Weston: executive chair of ABF, family-led, key link to Primark and Fat... Curious.
ABF has announced plans to demerge Primark from its food operations by the end of 2027. The move aims to improve investor understanding and valuation of each business, amid challenging trading conditions and online competition. Both companies will join the FTSE 100, with Primark valued at around £9 billion.