ABF reports Q4 trading update and strategic initiatives
Primark launches UK home delivery and Hovis integrates while Sugar restructuring occurs. The group anticipates a retail demerger by December 2027 with resilient overall performance.
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Diversified international food, ingredients, and retail group
abf.co.ukLast updated
In short: ABF confirmed plans to demerge Primark by 2027 amid weak retail trading and deepening sugar losses.
Primark launches UK home delivery and Hovis integrates while Sugar restructuring occurs. The group anticipates a retail demerger by December 2027 with resilient overall performance.
It describes its international brands and regionally focused businesses, and announces the Primark demerger.
The acquisition combines Hovis with Allied Bakeries to create a sustainable UK bakery business with enhanced market position and operational synergies.
The update covers the third-quarter trading results and outlook.
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