December 26, 2014 3:14 AM ET

Specialty Retail

Company Overview of Primark Stores Limited

Company Overview

Primark Stores Limited operates a chain of apparel retail stores for babies and kids, boys and girls, women, and men in the United Kingdom, Ireland, and other parts of Europe. It offers scarves, boots, coats, accessories, layering products, jackets, and grids; and home ware, beauty products, and confectionery products. The company was incorporated in 1948 and is based in Reading, United Kingdom. Primark Stores Limited operates as a subsidiary of Associated British Foods plc.

Primark House

41 West Street

Reading,  RG1 1TZ

United Kingdom

Founded in 1948

Phone:

44 11 8960 6300

Fax:

44 11 8960 6301

Key Executives for Primark Stores Limited

Founder
Chief Operating Officer
Buying and Merchandising Director
Compensation as of Fiscal Year 2014.

Primark Stores Limited Key Developments

Primark to Open at Coppergate

Primark has signed for its first store in York at Coppergate shopping centre. The budget fashion brand has signed for a 15-year lease at the 56,155 sq ft Piccadilly site for an annual rent of circa £680,000 per annum. The store is on four levels and includes a 10,000 sq ft extension which is already on site.

Primark Leases Space from Sears for Seven US Stores

Sears Holdings Corporation will lease 520,000 sq ft of retail space to Primark over the next 12 to 18 months, allowing the company to open seven stores. Sears will retain a 'significant' presence in six of the seven locations, with a streamlined store format of up to 100,000 sq ft of selling space at each store. Two locations have been confirmed: Staten Island Mall in New York and King of Prussia Mall in Philadelphia. The company will take approximately 70,000 sq ft in Staten Island Mall and Sears will continue to operate in approximately 70,000 sq ft of adjacent space. The company's store is expected to open in 2016. In Philadelphia, the value retailer will occupy over 100,000 sq ft on the lower level of the King of Prussia Mall. Dick's Sporting Goods - another subtenant of Sears - currently occupies approximately 75,000 sq ft on the upper level. Sears will no longer operate a retail store at the mall.

Primark Appoints Jose Luis Martinez De Larramendi as Head of its Spain and Portugal Division; Opens Four Outlets

Primark announced that it has appointed the head of its Spain and Portugal division to lead the retailer's push into America. Jose Luis Martinez de Larramendi will take on the new role in 2015. The company's Parent company AB Foods, announced last month that it would launch its first United States store in Boston, Massachusetts, towards the end of next year. It is planning to open four outlets in the country before Christmas 2015 and several others in the following months.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Primark Stores Limited, please visit www.primark.co.uk. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.