Editor
Associated British Foods Plc said profit will rise at Primark as lower raw material and freight costs boost the performance of the low-cost fashion chain.
Primark’s adjusted operating profit margin will exceed 10 percent this year, and just how high it’ll get depends on consumer demand, owner AB Foods said Tuesday, citing a recovery. The shares rose as much as 6.6 percent to a two-year high in early trading.
Primark customers have been…
