02:00 Mon 02 Nov 2020
Assoc.British Foods - COVID-19 Update
For release Monday 2 November
Associated British Foods plc
COVID-19 Update
Associated British Foods plc today issues an update in the light of increasing restrictions on the movement of people and trading activity being put in place by governments to restrict the spread of COVID-19 in many of the markets where Primark trades.
As of today, all Primark stores in the
Our estimated loss of sales for these stores, including the stores in
Trading hours are also restricted in a number of other markets. Uncertainty about further temporary store closures in the short-term remains.
We are implementing the operational plans developed to manage the consequences of these closures and appropriate action will be taken to reduce operating costs. All orders placed with our suppliers will be honoured.
At the year end the group had net cash before lease liabilities of
Our Annual Results Announcement for the year ended
For further information please contact:
Associated British Foods:
John Bason , Finance Director
Catherine Hicks , Corporate Affairs Director
Tel: 020 7399 6545
Citigate Dewe Rogerson:
Tel: 020 7638 9571
Chris Barrie Tel: 07968 727289
Jos Bieneman Tel: 07834 336650
Elizabeth Kittle Tel: 07720 498455
Note:
Announced Store Closures
|
||||
Region |
No. of Stores Closed |
Closing Date |
Planned Reopening |
No of days closed |
|
36 |
22 October |
1 December |
40 |
|
8 |
24 October |
9 November |
16 |
|
1 |
26 October |
TBC |
6 |
|
19 |
30 October |
1 December |
32 |
|
6 |
30 October |
14 November |
15 |
|
8 |
2 November |
13 December |
41 |
|
153 |
5 November |
2 December
|
27 |
Stores not trading |
231 |
|
|
|
Stores trading |
156 |
|
|
|
All Primark stores |
387 |
|
|
|
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