TIME FOR ABF TO SPIN OFF PENNEYS/PRIMARK

Paul Marchant

THERE ARE critics who suggest that Arthur Ryan’s Penneys/Primark legacy will not stand up in the online world. This is a dilemma for retailers but Ryan’s successor, Paul Marchant, has actually doubled down on the group’s bricks-and-mortar retailing model, with 430 stores worldwide. The model is clearly working given the huge profit increase reported last… Read more »