Primark warning as chain prepares for £375m hit from latest lockdown

The owner of Primark has said it will take a £375 million hit from the loss of sales due to the latest enforced closures in the face of Covid-19.

Associated British Foods (ABF) said around 57% of selling space in its Primark stores will be temporarily closed if Parliament approves plans to shut non-essential shops for a month from Thursday November 5.

The company said all Primark stores in the Republic of Ireland, France, Belgium, Wales, Slovenia and Catalonia in Spain are already temporarily closed, representing 19% of selling space.

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