Value fashion giant Primark has signalled that reopening stores after the coronavirus pandemic is likely to be a “complex” process to ensure the health and safety of staff and shoppers.
The retailer is likely to recover about 50% of operating costs sustained during the outbreak, parent company ABF reported. That leaves the retailer with a monthly cash outflow of about £100m while shops remain shut.
In an emotional personal message accompanying ABF’s first-half results, chief executive George Weston paid tribute to group employees who have died from Covid-19 and said that it was essential to put beating the pandemic ahead of business considerations.
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