Primark to split from food business despite warning of Iran war impact

ABF to demerge fashion chain from firm that owns Kingsmill, Twinings and Patak’s, plus a sugar company

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Primark is to break free from its sister food company which owns Twinings, Kingsmill and Patak’s next year despite warning that the conflict in the Middle East was likely to hit consumer spending.

The fashion chain’s owner, Associated British Foods (ABF), confirmed the plan to split off Primark from the rest of the group, first mooted last year.