Aug. 8 (Bloomberg) -- Associated British Food Plc’s Primark fashion chain will open a new outlet in Bath, south-west England, after taking over a Philip Green-owned Bhs Ltd. department store.
“It’s a one-off, no more than that,” Green, 61, said by phone of the deal for the central Bath outlet on Stall Street. ABF previously bought 10 Bhs stores in the U.K. in 2010.
A Primark spokesman confirmed the retailer will open the outlet in 2014 and declined to give any financial details. Primark, which sells jeans for 10 pounds ($15.56) is the fastest-growing division of London-based ABF, reporting revenue growth of 20 percent in the 16 weeks to June 22, far outpacing the U.K. retail market.
To contact the reporter on this story: Sarah Shannon in London at firstname.lastname@example.org
To contact the editor responsible for this story: Celeste Perri at email@example.com