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Associated British Foods could separate its Primark fashion shops from its food businesses, it said on Tuesday, as it reported a 13 percent drop in full-year profit driven by a weak performance in its sugar unit.
“The board of ABF has been conducting a review of the group structure with a view to maximising long-term value,” it said.
“Although no decision has been taken, the outcome of this review may lead to the board deciding to undertake a separation of the Primark and Food…
