Budget fashion chain Primark and its parent company is “nearly through” a period of price rises which have knocked profits at Associated British Foods,its CEO told The Standard today, breathing new life into hopes that inflation is easing on the high street.
George Weston said: “I would be optimistic that we don’t have to move our own prices up … I wouldn’t say we are 100% done, but we are nearly through it. And we’ve not seeing further cost pressure on ourselves, so I think we’re in a much happier place.”
