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Evening Standard

Business

Jonathan Prynn

Primark warns of lower profits after Christmas sales failed to deliver

Primark Paul Marchant George Weston Associated British Foods Next

Primark was forced to slash its prices over Christmas after a disappointing peak trading season when sales failed to reach expectations.

George Weston, chief executive of the discount fashion chain’s owner Associated British Foods (ABF), admitted “Primark has had a challenging start to the financial year.”

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