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Primark owners suffer £650million loss as Covid-19 sees more than 250 stores shut

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www.dailystar.co.uk

Join the Secret Elves to discover the best shopping deals and things to do this ChristmasThe firm that owns Primark faces losing a whopping £650million because of the Covid crisis and has revealed that 253 stores will not be open on New Year's Day.Associated British Foods (ABF) – which runs the budget fashion giant – has said it will suffer the massive hit after tougher restrictions in the UK and Ireland forced more stores to close.It represents a more-than 50% increase from the £430 million impact it warned investors about earlier this month.ABF said it will lose more money than previously predicted after rafts of UK stores shut their doors on Thursday in line with changes to regional tiers across the country.On Wednesday, the Government.

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