AB Foods: Sales loss amid COVID closures to be 650 million stg
January 21, 2022
Business

Primark-owner AB Foods says sales loss from COVID lockdown could be 650 million stg

LONDON (UK) – Primark-owner AB Foods said tougher lockdown measures in Britain and Ireland would result in an estimated sales loss of 650 million pounds ($887 million) this financial year, up from its previous estimate of 430 million pounds.

It said on Thursday that as of 1 January, 253 Primark stores would be temporarily closed, representing 64% of its total retail selling space.

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