Apr 21, 2020
Coronavirus: Primark goes from £650m sales a month to nothing
Clothing giant Primark has gone from making £650m in sales per month to nothing as the coronavirus has forced it to close across Europe and the US. Primark's owner "Has been squarely in the path of this pandemic," chief executive George Weston told investors. Associated British Foods, Primark's owner, has paid its suppliers for stock it has received, it said, and will set up a fund to ensure workers who make those clothes are paid. As well as Primark, Associated British Foods owns food brands including Twinings tea, Blue Dragon sauces and Ovaltine. While many rivals have been able to makes sales online, Primark sells only gift cards through its website. "I am in awe of the Primark teams for their care, good judgement and immense hard work as they have managed this crisis," Mr Weston said.
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