Who Owns Primark? Everything You Need to Know

Birmingham is home to Primark’s biggest store in the world, making it one of the most well-liked retailers in the UK. But do you know who owns Primark?

Now that we’ve discovered the answer, which may surprise you, if the question has piqued your interest, you can stop wondering.

Primark is owned by Associated British Foods, which is one of the largest food processing and retail companies in the world.

Keep reading, here is everything you need to know about Primark.

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Who Owns Primark?

So who is the owner of Primark?

Primark is owned by Associated British Foods which is one of the largest food processing and retail companies in the world. The company is the owner of additional brands like Ryvita, Jordans, and Twinings, according to the company website.

Additionally, it owns several brands that are experts in sugar and baking yeast. With operations in 52 nations across Europe, southern Africa, the Americas, Asia, and Australia, the group boasts £15.8 billion in sales, 138,000 employees, and a workforce of 158,000.

Five weeks after the company’s 1935 founding, it changed its name to Allied Bakeries Limited. Initially known as Food Investments Limited, the company was founded.

Who is the Chairman of Primark?

The chairman of the company is 2018 saw Michael McLintock’s appointment.

He serves as the non-executive Chairman of Grosvenor Group Limited, a trustee for the Grosvenor Estate, a member of the advisory boards of Spencer Stuart, Bestport Private Equity Limited, and The Takeover Appeal Board.

The Garfield Weston Foundation (GWF), which holds a majority stake in Wittington Investments Limited, owns a significant portion of the business.

Conclusion: Who Owns Primark

Primark, which trades as The eighth US location of Irish retailer Penneys has just been inaugurated. After opening its first US location in Boston in 2015, the company’s newest addition creates a total of three stores in Massachusetts.

Over 70,000 people are employed by the Dublin-based business, which has over 335 locations across 11 nations.

Its newest location in Braintree, Massachusetts’ South Shore Plaza, spans 41,000 square feet of retail space and is anticipated to bring in close to 200 new jobs to the area.