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Primark Stores Limited (/ ˈ p r aɪ m ɑːr k /; trading as Penneys in Ireland) [6] [7] is an Irish multinational fashion retailer with headquarters in Dublin, Ireland, [8] with outlets across Europe and in the United States.
Wittington Investments owns 54.5% of Associated British Foods, one of the largest food companies in the world and the parent company of Primark, the largest discount clothing chain in the UK and Ireland. [5] Associated British Foods also owns British Sugar, processor of the entire UK beet crop and producer of half the UK consumption of sugar. [6]
Wittington Investments owns a majority stake in Associated British Foods (which itself owns the discount clothing chain Primark), and 100% of British retailers Fortnum & Mason and Heal's. In 2021, The Sunday Times named the Weston family among the most charitable people over the past 20 years, with donations of £1.661 billion. [6] [7]
It was rebranded Primark in the U.K. because JCPenney owns the trademark there. “If you go to Ireland now you still see the name Penneys,” Tulip said. Dublin-based Primark will make its ...
Its retail division, Primark, has some 384 stores across several countries, predominantly Germany, Ireland, Netherlands, Spain, and the UK. [2] ACH Food Companies is an American subsidiary. Associated British Foods is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index .
George Weston, chief executive of Associated British Foods, which owns the chain, said: "We’re an international business as well, we have choices about where we will invest."
Arthur St. John Ryan (18 July 1935 [1] – 8 July 2019) was an Irish businessman who was the founder, chairman, and chief executive of Primark. The business was founded as Penneys and continues to trade under that name in the Republic of Ireland .
By 1965, Weston's business had grown to six grocery stores. Four years later, he expanded his business interests with the purchase of a bankrupt department store called Todd Burns, which he renamed Penneys (now known as Primark outside of Ireland). Within a year, four more stores opened, all with a similar discount format.