Primark-owner AB Foods ups sales loss from COVID closures to 650 million stg

LONDON (Reuters) – Primark-owner AB Foods (LON:ABF) said tougher lockdown measures in Britain and Ireland would result in an estimated sales loss of 650 million pounds ($887 million) this financial year, up from its previous estimate of 430 million pounds.

It said on Thursday that as of 1 January, 253 Primark stores would be temporarily closed, representing 64% of its total retail selling space.

($1 = 0.7324 pounds)