Moneybags

TIME FOR WESTONS TO SPIN OUT PENNEYS/PRIMARK

Date: July 25, 2019 - Moneybags

Paul Marchant Galen Weston

Paul Marchant


THE LATE Arthur Ryan was a retailing genius who founded the Penneys/Primark retail clothing giant, which today trades out of 364 stores occupying 15 million sq ft of retail space, heading for sales of £8bn this year. Based on impressive trading margins approaching 12%, this is set to deliver operating profits of close to £1bn…. Read more »

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