Mon, 31 Mar 2025

Mon, 31 Mar 2025 Primark boss quits after woman complains about his behaviour

Paul Marchant leaves after an allegation about his behaviour towards a woman "in a social environment".

* Primark boss Paul Marchant has resigned after an allegation of inappropriate behavior towards a woman.
* An investigation by external lawyers found that Mr. Marchant had made an error of judgment and his actions fell below the company's standards.
* The incident was not the first time Mr. Marchant had been involved in a similar situation, with ABF confirming another incident involving "inappropriate communication" had occurred previously.
* The company has accepted Mr. Marchant's resignation and apologized to the individual who made the complaint.
* ABF's CEO George Weston stated that the company's culture must be bigger than any one individual and that high standards of integrity are essential for long-term business success.
* Primark's sales have fallen in the UK and Ireland, with a decline in foot traffic and market share contributing to the decrease.
* The company's share price has dropped by nearly 4% following the announcement of Mr. Marchant's resignation.
* Eoin Tonge will become Primark's interim CEO, while Joana Edwards will take over as finance director.
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