In 2019, the net worth of Primark shot up to 1.1 billion British pounds, more than four times the value the company recorded in 2010. From 2019 to 2021, the company's net worth has remain fairly stable, before rising again in 2022 to almost 1.3 billion pounds. Primark’s growth is also traceable from the latest revenue figures and the increased number of stores the retailer achieved.
Apple of Associated British Foods‘ eye
Primark is owned by Associated British Foods and so far the group’s most successful business division. Worldwide, the biggest growth for Primark happened in 2022, when the sales growth was realized at 40 percent at constant exchange rate. In 2020 and 2021, Primark made sales losses, due to store closures during the COVID-19 pandemic.
Primark megastore in the UK
Primark started business in Dublin in 1968. Most recently, the company opened its biggest store ever in Birmingham and intensified its physical presence in the UK. Over the years, Primark increased the surface its stores occupied in several markets. The UK has been and still is the region where Primark covers the largest surface area. Ireland, where the retailer originates from, was behind Spain and Germany in terms of the surface area Primark stores are currently spread across.
Net worth of Primark stores in the United Kingdom (UK) from 2010 to 2022
(in 1,000 GBP)
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Company Check. (September 26, 2023). Net worth of Primark stores in the United Kingdom (UK) from 2010 to 2022 (in 1,000 GBP) [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/866899/primark-stores-net-worth-united-kingdom-uk/
Company Check. "Net worth of Primark stores in the United Kingdom (UK) from 2010 to 2022 (in 1,000 GBP)." Chart. September 26, 2023. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/866899/primark-stores-net-worth-united-kingdom-uk/
Company Check. (2023). Net worth of Primark stores in the United Kingdom (UK) from 2010 to 2022 (in 1,000 GBP). Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/866899/primark-stores-net-worth-united-kingdom-uk/
Company Check. "Net worth of Primark Stores in The United Kingdom (Uk) from 2010 to 2022 (in 1,000 Gbp)." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/866899/primark-stores-net-worth-united-kingdom-uk/
Company Check, Net worth of Primark stores in the United Kingdom (UK) from 2010 to 2022 (in 1,000 GBP) Statista, https://www.statista.com/statistics/866899/primark-stores-net-worth-united-kingdom-uk/ (last visited October 09, 2024)
Net worth of Primark stores in the United Kingdom (UK) from 2010 to 2022 (in 1,000 GBP) [Graph], Company Check, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/866899/primark-stores-net-worth-united-kingdom-uk/