Shares in fast fashion retailer’s owner ABF are biggest riser on FTSE 100 as sales recover
Primark owner, Associated British Foods, has set out ambitious expansion plans as it bets on a strong sales rebound from the Covid-19 pandemic, with customers returning in large numbers in countries where vaccines have been rolled out.
The fast-fashion retailer is planning to open more than 100 new shops over the next five years, as it pushes into the US, France, Italy and Spain. It would take the number of stores worldwide to 530 from 398 at present.
