AB Foods Says It Could Separate Primark and Food Businesses

Associated British Foods could separate its Primark fashion business and its food businesses it said on Tuesday as it reported a 13% fall in full-year profit.

"The board of ABF has been conducting a review of the group structure with a view to maximising long-term value," it said.

"Although no decision has been taken, the outcome of this review may lead to the board deciding to undertake a separation of the Primark and Food businesses."

The group said the review was being conducted

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