“Maybe it's time to do something different” – ABF split could prove positive for grocery [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
abf.co.uk/investorrelations
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Source: Yahoo! Finance
bread market – but the food-to-retail conglomerate has also had to deal with queries about the very make-up of its empire for just as long. And, last week, the owner of Mazola cooking oil, Silver Spoon sugar and Twinings tea raised eyebrows with its announcement that, yes, it might now be ready to split its food operations from Primark, its international clothing-retail business. The board of the London-listed group has been reviewing the company's structure “with a view to maximising long-term value”, ABF announced. The business sought to emphasise that “no decision has been taken” but added the review may lead to a separation of Primark from its interests in food, which, as well as grocery brands, take in sugar refining, food ingredients and businesses in agri-food like feed and fertiliser. ABF's largest shareholder, Wittington Investments, “remains committed to maintaining majority ownership of both businesses”, the company added. The UK-headquartered group is run through
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