Primark CEO's Abrupt Exit Spotlights Corporate Integrity Amid Allegations
Published on Apr 1
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Primark CEO Paul Marchant has resigned abruptly following allegations of inappropriate behavior during a social event, leading to an external probe. He admitted to a lapse in judgment and apologized, prompting ABF to reaffirm its dedication to integrity and workplace respect. The exit caused ABF shares to dip before stabilizing, and Eoin Tonge steps in as interim leader.
WH Smith Considers Landmark Shift: Potential Sale of Iconic High Street Division
Published on Jan 26
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WH Smith, a venerable British retail business with a history spanning over two centuries, is reportedly engaged in discreet discussions to sell its traditional high street operations. The company is evaluating this move as it seeks to intensify its focus on its flourishing travel retail segment, which now contributes the lion's share to its profitability. The historic decision involves over 500 high street shops, underscoring a major transformation for the iconic brand.