UK markets open in 7 hours 41 minutes

Primark to close its 189 stores in UK - FT

FILE PHOTO: Items for sale are displayed inside of a Primark store in the Brooklyn borough of New York

(Reuters) - Associated British Foods Plc <ABF.L> intends to close its 189 Primark stores in the United Kingdom from Sunday night after cancelling all new orders from suppliers as demand shrinks due to the coronavirus outbreak, the Financial Times reported.

The fashion retailer has cancelled all new clothing orders from suppliers such as factories in India and Bangladesh but will continue to honour orders already shipped or delivered to Primark warehouses or stores, the FT said https://www.ft.com/content/06d8b780-6c31-11ea-89df-41bea055720b on Sunday.


(Reporting by Rishika Chatterjee in Bengaluru; Editing by Catherine Evans)